Question

A sum amounts to 1500 in 5 years at 10% per annum at simple interest. Find the sum.

the sum. (a) 1200

(b) 71000

(c) 2900

(d) 1100​

Answer 1

Step-by-step explanation:

Simple Interest= P x R x T ÷ 100

Answer 2

Before, finding the answer. Let's find out how we can find the answer.

• In this question, we are asked to find the Sum or the (Amount).
• To find the Amount, we have to first find the Simple Interest.
• Then, we have to add the principal with the Simple Interest.

___________________

Answer :

• Rs. 2250

Given :

• Principal = Rs. 1500
• Rate = 10%
• Time = 5 years

To find :

• the sum

Solution :

⇒ Let's find the Simple Interest.

Simple Interest = P x R x T/100

                         = 1500 X 10 X 50/100

                         = 1500 x 50/100

                         = 15 x 50/1

                         = 750/1

                         = 750

⇒ Let's find the Amount now.

↪ Amount = Principal + Simple Interest

                  = 1500 + 750

                  = 2250

• Therefore, the Sum of the Amount is Rs. 2250.