Saved Bookmarks
| 1. |
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 :- |
|