Question

2. On what sum of money does the S.I. for 10 years at 5% become 1,600 ?

Please dont answer this directly.​

Answer 1

Answer :-

S.I = RS. 1600

R = 5% P.a.

T = 10 Years

• P = (S.I. × 100)/(R×T) = 1600×100/5×10

= Rs, 3200

Hence, The answer is Rs. 3200

Answer 2

Answer:

Let the sum be s

Interest=s×(5/100)×10=s/2

It is given

s+interest =1600

s+(s/2)=1600

3s/2=1600

s=2×1600/3=3200/3=1066.66