An investment earns 4 paisa per rupee invested. If at the end of the year, the interest earned by an investment is rs. 100, then the investment is equal to:
Answers
Answered by
6
Answer:
The investment is equal to Rs. 2500.
Step-by-step explanation:
Given data:
Investment earns 4 paisa per rupee invested.
Interest earned by an investment is Rs. 100
To find: Investment
We know, 1 rupee = 100 paisas
∴ Rate of Interest = (Interest / Principal) * 100
= (4ps / 100ps) * 100
= 4%
From the question we can write that,
R% * (Principal or Investment) = Rs.100
Or, (4%) * (Principal or Investment) = Rs. 100
Or, (4/100) * (Principal or Investment) = Rs. 100
Or, Principal or Investment = (100 * 100) / 4
Or, Principal or Investment = Rs. 2500
Similar questions