Question

FIND THE SUM WHICH WILL AMOUNT TO rs 700 IN 5 YEARS AT 8% p.a​

Answer 1

Solution:

It is given that

Amount = ₹ 700

R = 8% p.a.

T = 5 years

Consider P = ₹ 100

We know that

S.I = (P × R × T)/ 100

Substituting the values

= (100 × 8 × 5)/ 100

= ₹ 40

Here

A = P + S.I

Substituting the values

= 100 + 40

= ₹ 140

If the amount is ₹ 140 then the principal is ₹ 100

If the amount is ₹ 700 then the principal = (100 × 700)/ 140 = ₹ 500

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