Question

Find the sum when interest is 500 at 10% p.a for 5 years​

Answer 1

Answer:

1000

Step-by-step explanation:

interest = P*T*R/100

500 =p×5×10/100

50000=50P

50000/50= p

P= 1000

Answer 2

Given:

• Simple Interest (SI) = ₹500
• Rate (R) = 10%
• Time (T) = 5 years

To Find:

• Principle (P) = ??

Formula Used:

$\boxed{P=\dfrac{100\times SI}{R\times T}}$

Solution:

$P=\dfrac{100\times SI}{R\times T}$

$= Rs.\;\left\{ \dfrac{100\times 500}{10\times5}\right\}$

$=Rs.\;\left\{\dfrac{50000}{50}\right\}$

$= Rs. \;1000$

More Formulas related to Simple Interest:

• $SI = \dfrac{P\times R\times T}{100}$

• $R = \dfrac{SI \times 100}{P\times T}$

• $T = \dfrac{SI\times 100}{R\times P}$

• Amount (A) = Simple Interest (SI) + Principle (P)