Question

Q1.On what sum of money does the S. I. For 10 years at 5% become ₹1, 600?

Answer 1

Step-by-step explanation:

Answer:

Let the sum of money be Rs. x.

According to the question,

Principal Amount = Rs. x

Rate = 5%

Time Period = 10 years

SI = Rs. 1600

We know that,

$\boxed{ \bf{ SI = \dfrac{PRT}{100}}} </p><p>$

Hence substituting the known values we get:

$\begin{gathered}\implies 1600 = \dfrac{ x \times 5 \times 10}{100}\\\\\\\implies x = \dfrac{1600 \times 100}{5 \times 10}\\\\\\\implies x = \dfrac{160000}{50}\\\\\\\implies \boxed{ \bf{ x = Rs.\:3200 /-}}\end{gathered}$

Hence the required answer is Rs. 3,200.