Question

The simple interest accured on an amount at the end 5 yr at the rate of 12.5% per annum is RS1575.
What is the amount?
a) Rs.2550
b) Rs.2250
c) Rs. 2050
d) Rs. 2520​

Answer 1

Answer:

The answer is attached here.

Answer 2

Given:

• Simple interest = ₹1575
• Time period = 5 years
• Rate of interest = 12.5%

To find:

Amount = ?

Solution:

For solving questions related to Simple interest, we apply the below mentioned formula:

$\boxed{\pink{ \sf{S.I = \dfrac{PTR}{100} }}}$

Where:

• S.I = Simple interest
• P = Principal
• T = Time period
• R = Rate of interest

Let's solve it

S.I = PTR ÷ 100

⇒ 1575 = (P × 5 × 12.5) ÷ 100

⇒ 1575 = (62.5 × P) ÷ 100

⇒ 1575 × 100 = 62.5 × P

⇒ 157500 = 62.5 × P

⇒ P = 157500 ÷ 62.5

⇒ P = 2520

∴ Principal = ₹ 2520

For finding the amount,

Amount = Principal + Interest

⇒ Amount = 2520 + 1575

⇒ Amount = ₹ 4095

∴ Amount = ₹ 4095