Question

what sum of money lent out at 10% per annum would produce 150 in 5 years.
I want the answer 300​

Answer 1

Answer:

300

Step-by-step explanation:

Simple interest= P*R*T/100

Given,

Simple interest=150

rate= 10%

time=5 years

Let principal be x

SI=P*R*T/100

150 = x*10*5/100

150 = x*50/100

150 = x/2

150*2 = x

300 = x

.

.

therefore principal that is sum of money = ₹300