Find the sum invested so as to make a profit of Rs.560 at 5% simple interest in 2 years?

Rs.56000

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Rs.5600

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Rs.56

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Rs.5600.50

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Rs.560

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Solution

The correct option is B
Rs.5600

$\frac{P \times R \times T}{100} = 560 \Rightarrow \frac{P \times 5 \times 2}{100} = 560$

$P = 5600$

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Find the sum invested so as to make a profit of Rs.560 at 5% simple interest in 2 years?

The correct option is B Rs.5600 P×R×T100=560⇒P×5×2100=560 P=5600

The correct option is B
Rs.5600

$\frac{P \times R \times T}{100} = 560 \Rightarrow \frac{P \times 5 \times 2}{100} = 560$

$P = 5600$