Question

Abigail deposited a certain sum amount of money for 3 yrs at a rate of 5% per annum and received a sum of 900rupees as simple interest. Find the sum deposited.
(pls answer quickly it is urgent)

Answer 1

Answer:

the sum deposited was 6000

Step-by-step explanation:

let the sum deposited be p

now we know,

P = (Simple interest × 100 ) / ( rate × time )

• p = 900×100 / ( 5 × 3 )
• p = 90000 / 15
• p = 6000

so the sum deposited was Rs. 6000