What sum of money amount
to Rs. 12000 in 2 years at the rate of 10% per annum?
Find it.
(Ans: Rs.10000)
Answers
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We know , Amount = Principle + Interest
Let Principle value be ₹x
Simple Interest = PRT/100 = x*10*2/100= ₹x/5,where P = principle value,R= rate of interest,T = no. Of years
By the problem ,
12000= x + (x/5)
Or, 12000*5 = 5x+x
Or, 60000=6x
Therefore,
x=60000/6 =₹10,000 (Answer)
Let Principle value be ₹x
Simple Interest = PRT/100 = x*10*2/100= ₹x/5,where P = principle value,R= rate of interest,T = no. Of years
By the problem ,
12000= x + (x/5)
Or, 12000*5 = 5x+x
Or, 60000=6x
Therefore,
x=60000/6 =₹10,000 (Answer)
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