Question

A certain sum of money will amount to rs 100000 at the rate of 8% per annum simple interest end of 5 years. Find the money

Answer 1

Answer:

Step-by-step explanation:

Let us consider the principal amount to be x

Now as we know s=p*r*t/100;

The simple intereest here would be (100000-x) as the total amount would become 100000 along with the principal money and the interest after 5 years.

So according to that we can form the equation as;

(100000-x)=(x*5*8)/100

Solve the equation you will get

X= 55555.556

Answer 2

this is just example
A sum of Rs 10,000 is borrowed at a rate of interest 15% per annum for 2 years. Find the simple interest on this sum and the amount to be paid at the end of 2 years.

On Rs 100, interest charged for 1 year is Rs 15.

 So, on Rs 10,000, interest charged =  

                         Interest for 2 years =   15/100×10000=₹1500

 Amount to be paid at the end of 2 yearsprincipal + interest

I hope this will help you