Sangita deposited some money in a bank for 5 years at 12.5%per annum and got rs.15625 interest then find how much money she had deposited
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INTEREST = P×R×T
______
100
PRINCIPAL=???
RATE OF INTREST= 12.5%
TIME=5 YEARS
INTREST=15625.
SO, WE HAVE TO CALCULATE PRINCIPAL=??
AS EQUATION FORMED= P×R×T/100.
LET'S PUT NUMERICALS IN THIS .
15625= P×12.5×5/100.
BY SOLVING THIS EQUATION WE WILL GET
P=25000
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Sangita deposited some money in a bank for 5 years at 12.5% p.a. and got ₹15625 interest. Then find how much money she had deposited.
Let the amount of money deposited( P ) be = ₹
Rate of interest ( r ) = 12.5% p.a.
Interest = ₹15,625
time ( t ) = 5 years
Sangita deposited ₹25,000.
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