Question

Q2. On a certain sum the interest paid after 3 years is $450 at 5% rate of interest per
annum.
(0) Find the sum
(ii) find the simple intrest in 5 years
​

Answer 1

Answer:

Interest=450

Rate=5%

Time=3years

Principle=?

Principle=(Interest×100)/(Rate×Time)

=(450×100)/(5×3)=

15-45009

=3000

therefore

sum paid after 3 years=3000+450=3450

Answer 2

Answer:

Interest=450

Rate=5%

Time=3years

Principle=?

Principle=(Interest×100)/(Rate×Time)

=(450×100)/(5×3)=

15-45009

=3000

therefore

sum paid after 3 years=3000+450=3450