- What sum of money will amount to Rs 1800 in
5 years at 12% per annum simple interest
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Answers
Answered by
1
Answer:
let sum of money is Rs x
then interest= Rs x.5.12/100=Rs 3x/5
so,
x+3x/5=1800
=> 8x/5=1800
=> x=1800×5/8=225×5=1125
sum of money is Rs 1125
Answered by
0
The Rs.1125 is the sum of money that will amount to Rs.1800.
Given,
Amount = Rs.1800
Time = 5 years
Rate of interest = 12% p.a.
To Find,
Principal on the given amount.
Solution,
Let the principal be x.
We will use the formula:
=
= x ×(100 + 12 × 5)/100
= x × (100 +60)/100
= x × 160/100
= 1.6 x
Amount = Rs.1800
x =
x = Rs.1125
Principal = Rs.1125
The Rs.1125 is the sum of money that will amount to Rs.1800.
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