Question

Ramesh invested Rs 5000 in mutual funds. He received a loss of 10%. Ramesh then lent the remaining amount to his friend at 5% per annum for 5years. Find the interest he received after 5 years.

Answer 1

Answer:

1125

Step-by-step explanation:

Principle : 5000 rs

Loss : 10%

Remaining amount: ?

=10% of 5000

= 10/100*5000

=10*50

=500

remaining amount = 5000-500

=4500

Principle : 4500 rs

rate : 5% PA

Time : 5 years

Simple interest = P*R*T/100

=4500*5*5/100

=45*5*5

=1125

Answer 2

Principle: Rs 5000

Loss: 10%

Remaining amount:

=10% of 5000

= 10/100 x 5000

=10 x 50

=500

Remaining amount = 5000-500

                                =4500

Principle: Rs 4500

Rate: 5% PA

Time: 5 years

Simple interest = P x R x T/100

                          =4500 x 5 x 5/100

                          =45 x 5 x 5

                          =1125