Question

A sum amounts to rupees 4800 at 10% simple interest per annum after 5 years. Find the sum

Answer 1

Step-by-step explanation:

above is the answer for question

Answer 2

The interest amount ( I ) is 2,400 rs

Step-by-step explanation:

Given data :

Principal amount = 4,800 rs  (amount given or taken on the basis of interest)

Rate = 10% (Increase in the money as interest per given time)(ie. per annum)

Time = 5 years (A fixed time to return the pricipal amount with interest)

$\textbf{\Large Formula of Interest amount I =} \frac{P\times R \times T}{100}$         (equation 1)

putting the values of P, R and T

We get the interest amount which will be returned with the principal amount.

So, $I = \frac{4,800\times 10\times 5}{100} \\\\\\textbf{\Large I}= \frac{\textbf{\Large 2,40,000}}{\textbf{\Large 100}}\\\\\\\textbf{\Large So the interest amount I = 2,400 rs}$