Question

what amont of money will produce ₹143 as interest in 4 years at 5% simple interest

Answer 1

Given:

✬ Principal = ₹143

✬ Time = 4 years

✬ Rate of interest = 5% //

To find:

➳ Amount = ?

Method:

$\sf{Simple \: Interest = \frac{PTR}{100} } \\ \\ \implies \sf{S.I = \frac{143 \times 4 \times 5}{100}} \\ \\ \implies \sf{ \boxed{ \sf{S.I = 28.6}}}$

Amount = Principal + Interest

⇒Amount = 143 + 28.6

⇒ Amount = 171.6

Additional information:

• Principal is the amount borrowed represented by P.
• Time is the time period for which the amount is borrowed.
• Rate is the Rate of interest for which the principal is given