Question

what sum will earn and interest of 480 into whole 1 by 2 years at the rate of 5% per annum simple interestwhat sum will on an interest of 480 into whole 1 by 2 years at the rate of 3% per annum simple interest ​

Answer 1

Answer:

Given that,

Simple interest = 480 rupees

Rate of interest = 3%

Time = 5/2 years

Using the formula,

SI = (PTR) /100

P =( SI ×100) / TR

P= (480×100×2) / (5×3) = 6400 rupees.

Answer 2

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