Simple interest on a certain sum of money for 3 years @8 p.c.p.a is 5952/-. what would be the simple interest on same sum of money for 5 years @11 p.c.p.a.?
Answers
Answer:
13640 Rs.
Step-by-step explanation:
Given :-
Simple interest = 5952 Rs.
Time = 3 years
Rate = 8 p.c.p.a.
Principal = ?
Principal = Interest × 100
___________
Rate × Time
= 5952 × 100
___________ = 24800 Rs.
3 × 8
Therefore, we got the principal as 24800 Rs.
Question 2 :-
Principal = 24800 Rs.
Time = 5 years
Rate = 11 p.c.p.a.
Simple Interest = ?
Simple Interest = Principal × Rate × Time
__________________
100
= 24800 × 11 × 5
____________ = 13640
100
Therefore, the Simple Interest will be 13640 Rs.
Step-by-step explanation:
SI= p×r×t/100
5952= p×8×3/100
p= 5952×100/24
= 744×100/3
=248×100
= 24800
Now SI at
r=11%
t=5years
= p×r×t/100
= 24800× 11× 5/100
= 248×55
=13640