Question

8. The sum of money at 10 %
per annum 3 years that will give
simple interest of Rs.1500 is....​

Answer 1

Answer:

rate=10

time 3 years

SI =1500

1500 =P *r*t

Answer 2

Given :

• Rate of interest = 10%
• Time period = 3 years
• Simple interest = Rs.1500

To Find :

• The principal amount.

Solution :

To find the principal amount in this question, we will use the simple interest formula.

→ SI = (P × R × T)/100

→ 1500 = (P × 10 × 3)/100

→ 1500 = 3P/10

→ 3P = 1500 x 10

→ 3P = 15000

→ P = 15000/3

→ P = 5000

Therefore the principal amount is Rs. 5000

Know MorE :

Simple Interest :

Simple interest is the calculation of the interest directly when the principal amount, time and rate of interest is given.

To find the amount to be paid back, we have to add the simple interest amount and the principal amount.