Question

A sum of Rs. 5050 becomes Rs _____
on 5% per annum simple
interest after 3 yrs.

Answer 1

A sum of Rs. 5050 becomes Rs 5807.5 on 5% per annum simple interest after 3 yrs

Step-by-step explanation:

GIVEN

Principal = ₹5050

Rate = 5% per annum

Time = 3 years

___________________________

TO FIND

A sum of Rs. 5050 becomes Rs _____ on 5% per annum simple interest after 3 yrs

___________________________

Simple Interest

We know that,

Simple Interest = Principal × Rate × Time / 100

Simple Interest = 5050 × 5 × 3 / 100

Simple Interest = 75750 / 100

Simple Interest = 757.5

Simple Interest = ₹757.5

___________________________

Amount

Amount = Principal + Simple Interest

Amount = 5050 + 757.5

Amount = 5807.5

Amount = ₹5807.5

A sum of Rs. 5050 becomes Rs 5807.5 on 5% per annum simple interest after 3 yrs

Answer 2

Question :

A sum of Rs. 5050 becomes Rs _____

on 5% per annum simple interest after 3 years .

Answer :

$\sf\pink{Given}$

• Principal is Rs . 5050 .

• Number of years is 3 .

• Rate of interest is 5%

$\sf\pink{To\:Find}$

• Amount after three years = ?

Explanation :

$\sf\purple{Amount = Simple Interest + Principal}$

Therefore , we first need to find the simple interest .

Simple Interest = P × N × R /100

Here,

• P is principal that is 5050

• N is number of years that is 3

• R is rate of interest that is 5%

$\longrightarrow\sf{5050×3×5/100}$

$\longrightarrow\sf{505×3/2}$

$\longrightarrow\sf{1515/2}$

$\longrightarrow\sf\green{757.5}$

Amount = 5050 + 757.5

Amount = $\sf\red{ 5807.5}$

Hope it helps you