Question

Find the sum of money on which the interest equals rupees 13875 in 5 years at the rate of 6% per annum

Answer 1

Answer:

Step-by-step explanation:

S.I= PTR/100

13875= P*5*6/100

P=13875*100/5*6

P= 2775*50/3

P=925*50

P=46250 rupees

Answer 2

Answer:

The sum of money is ₹ 46,250.

Step-by-step explanation:

Let the sum of money i.e., principal be x

Given, S.I. = 13,875

Time (T) = 5 years

Rate (R) = 6 %

We know that

S.I. = P×R×T / 100

=> 13,875 = x × 6 × 5 / 100

= 30x / 100

= 3x / 10

=> 3x = 1,38,750

=> x = 1,38,750 / 3 = 46,250 (ans).

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