Question

some amount yield ₹500 interest at the rate of 5% for two years calculate the principal

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Answer 1

Answer:

if 500x2%

5

=1000

5

= $200

Answer 2

The Principal amount would be ₹ 5000.

Step-by-step explanation:

Let the principal amount be 'p'

Simple interest = ₹ 500

Rate of interest = 5%

time = 2 years

We will calculate the principal amount by the formula :

$P=\frac{100\times SI}{t\times R}$

  $=\frac{100\times 500}{2\times 5}$

  = ₹ 5000

Therefore, the Principal amount would be ₹ 5000.

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