Q.2.    On a certain sum the interest paid after 3 years is Rs 450 at 5% rate of interest per annum. Find the sum.

 

Answers (1)

Given,
Simple Interest, S.I.= Rs. \ 450 
Time, T = 3\ yrs
Rate, R= 5\%
We know, 
P= S.I \times \frac{100}{r} \times t
\\ =450 \times \frac{100}{3} \times 5 \\ = 3000

Therefore, the sum is Rs.\ 3000

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