Question

Find the sum which will amount to 2.5,500 in 2 years at 5% p.a.​

Answer 1

Answer:

Let the sum=P Rs.

S.I=50 Rs.

Rate of interest=5 %

Time =2 years.

S.I=  

100

P×R×T

​  

 

50=  100 P×5×5

​  

 

P=  5×2 50×100 =500Rs.

C.I. of 500 Rs

Amount=500(1+  100 5  )  2

 

⇒500×  100 105 ×  100 105

​  

 

⇒500×  20 21  ×  20 21

​  

 

⇒551.25

C.I=551−500−51.25Rs.

Step-by-step explanation:

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