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What sum of money lent out at 5% per annum produces Rs.300 as interest in 3 years

Answer»

:The sum of money lent out is Rs. 2000Step-by-step explanation ::To Find :-The sum of moneyGiven that,Simple INTEREST = Rs. 300Rate = 5%Time = 3 yearsSolution :-As we KNOW that,Where,S.I. = Simple InterestR = RateT = TimeAccording the question,The sum of money lent out is Rs. 2000.Additional informationSome important FORMULAS related to Simple interest :-



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