what sum of money will amount to Rs 975 in 5 year and Rs1110 in 8 year in simple interest? Find the rate of interest.
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What sum will amount to Rs 5525 at 10% per annum simple interest in 3 years?
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Let the principal be P
S.I=A−P
=5525−P
Amount=5525Rs
Rate=10%
Time=3 years
S.I.=
100
PRT
5525−P=P×10×
100
3
5525−P=
100
30P
552500−100P=30P
552500=130P
P=
130
552500
P=4250
The sum is 4250.
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Answer:
8765
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8765 is the correct answer
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