Question

What sum of money will earn ₹ 500 as simple interest in 1 year at 5% per annum?

Answer 1

Answer:

$\huge\colorbox{pink} {Answer}$

P=?

R= 5%

T=1year

SI(Simple Interest) = Rs.500

➪Formula of Simple Interest:-

$SI =\frac{PRT}{100} \\ = 500 = \frac{P \times 5 \times 1}{100} \\ by \: cross \: mutiplying.. \\ = P \times 5 \times 1 = 500 \times 100 \\ = P = \cancel \frac{500 \times 100}{5} \\ = 100 \times 100 \\ = 10000$

Answer 2

Answer:

1000

Step-by-step explanation:

Hope this helps You