Question

If a man earns interest of ₹50 in 1 year for a rate of interest of 10% per annum how much money did he deposit?

Answer 1

Answer:

Answer is 500 hope it helps

Answer 2

Answer:

P=?

r=10%

t=1 yr

si=50

p=si*100/t*r

p=50*100/1*10

p=500 rs.

now, amount=p+si=500+50=550

550 rs has been deposited