The simple interest on a sum of money at 5% is 748 for 4year Then, find the simple interest on same sum for 5year at 4%
Answers
Answer:
. Rate, r = 5 %
SI = 48
Time, t = 4 year
Principal, p = ?
We know that,
SI = \frac{p\times r\times t}{100}
100
p×r×t
p = \frac{100\times SI}{r\times t}
r×t
100×SI
p = \frac{100\times 48}{5\times 4}
5×4
100×48
p = 240
Principal is Rs.240/-
ii. p = 240
rate = 4 %
time, t = 5
SI = \frac{p\times r\times t}{100}
100
p×r×t
= \frac{240\times 4\times 5}{100}
100
240×4×5
SI = 48
Simple interest is Rs.48/-
Explanation:
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Answer:-
In the first case,
★★ Simple interest on the given sum of money = ₹748
★★ Rate = 5% per annum
★★ Time = 4 years
We need to find the principal
Let the principal be p
∴ The principal is ₹3,740
Now, in the second case
★★ Principal = ₹3, 740
★★ Rate = 4% per annum
★★ Time = 5 years
In this case, we need to find the simple interest
Answer:- The simple interest is ₹748