Question

*What will be the principal of amount Rs.480 for 3 years at the rate of 3 PCPA?* 1️⃣ ₹ 1200 2️⃣ ₹ 2400 3️⃣ ₹ 2000 4️⃣ ₹4800​

Answer 1

Answer:

440.37rs

Step-by-step explanation:

Concept= Simple interest

Given= Amount, Rate of interest and Time period

To Find= Principal Amount

Explanation=

We have been given the amount after the simple interest added on the principal amount deposited.

Simple interest is calculated on the end of the term and added to the principal amount simply.

To find the simple interest we use the formula as

(Principal amount*Time*Rate interest)/100

Amount= Principal + Simple Interest

We know the Amount= 480rs

Time= 3 years

Rate= 3% per annum

Let the Principal amount be x

Simple Interest= x*3*3/100

Amount= x+ Simple Interest

480= x+ x*3*3/100

=> 48000= 109x

=> x= 48000/109

=> x= 440.3669rs

= 440.37rs

Therefore the Principal Amount is 440.37rs

#SPJ3