on a certain sum the interest paid after 3 years is Rs 450 at 5% rate of interest per annum - Maths - Comparing Quantities

Question

on a certain sum the interest paid after 3 years is Rs 450 at 5%
rate of interest per annum find the sum ?

Ankush Jain · Accepted Answer

Given, simple interest (S I ) = Rs 450 Time period = 3 years Rate of interest = 5 % p a Let the principal be Rs P We know that, Simple Interest = S I =

â‡’ $450 = \frac{P \times 5 \times 3}{100}$ â‡’ $30 = \frac{P}{100}$ â‡’ P = Rs 3000

on a certain sum the interest paid after 3 years is Rs 450 at 5% rate of interest per annum find the sum ?