Sunil deposited some money in savings account. He got Rs 120 as simple

1.	Sunil deposited some money in savings account. He got Rs 120 as simple interest after 5years. If the interest was calculated at the rate of 3% P.a. What was the amount that he deposited ?PLZ ITS URGENT
Answer» $\sf \Large Solution!!$ Time (T) = 5 years Rate of INTEREST (R) = 3% Interest = RS 120 Interest = $\sf \dfrac{P\times T\times R}{100}120 = [tex]\sf \dfrac{15P}{100}$ 120 × 100 = 15P 15P = 12000 P = 12000 ÷ 15 P = Rs 800 The amount deposited = Rs 800

Sunil deposited some money in savings account. He got Rs 120 as simple interest after 5years. If the interest was calculated at the rate of 3% P.a. What was the amount that he deposited ?PLZ ITS URGENT

Answer»

$\sf \Large Solution!!$

Time (T) = 5 years

Rate of INTEREST (R) = 3%

Interest = RS 120

Interest = $\sf \dfrac{P\times T\times R}{100}120 = [tex]\sf \dfrac{15P}{100}$

120 × 100 = 15P

15P = 12000

P = 12000 ÷ 15

P = Rs 800

The amount deposited = Rs 800

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Sunil deposited some money in savings account. He got Rs 120 as simple interest after 5years. If the interest was calculated at the rate of 3% P.a. What was the amount that he deposited ?PLZ ITS URGENT

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