Question

A sum of money amounts to Rs. 1500 in 5 years at 10% per annum at simple interest. Find the sum. *​

Answer 1

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.

Answer 2

Answer:

The principal will be 1000 and sum of the money will be 500 which is SI.