on what sum of money the interest amount to ₹75 and 3years at rate of 5% per annum
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➤ Given :-
Simple Interest :- ₹ 75
Time :- 3 years
Rate of interest :- 5%
➤ To Find :-
Principle amount of the given sum...........
➤ Formula required :-
➤ Solution :-
Principle :-
The principle amount of the given sum is ₹ 500.
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Some related formulas :-
Simple Interest :-
Rate of interest :-
Time :-
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More to know..................
- Simple Interest is the extra amount to be given when a person borrows some money from a person or a bank. The person who gives money is called lender. The person who takes money is called borrower.
- Principal is the amount given at first from lender to borrower.
- Rate of interest is the extra amount to be given from borrower to lender. It is always written in percentage format.
- Time is given for the borrower to return back the given money with the given interest.
MrSanju0123:
Good
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