A sum of rupees 4000 is lent for rupees 5 year at a rate of the 15% find interest and amount
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Question :
A sum of rupees 4000 is lent for rupees 5 year at a rate of the 15% find interest and amount.
Solution :
Principal Amount = ₹4000
Time Period = 5 years
Rate = 15% p.a.
SI = ₹3000
Amount = Principal + SI
= ₹4000+₹3000 = ₹7000
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Principal= ₹4000
Time = 5 years
Rate = 15% p.a.
SI = Principal× Rate × Time /100 = 4000×5×15/100 = ₹3000
Now ,
As we know :
Amount = Principal + SI
= ₹4000+₹3000 = ₹7000
The required amount is ₹7000
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