Question

What sum of money will earn an interest of 3500 in 5 years at 14% p.a.?

Answer 1

Answer:

Step-by-step explanation:

given,

principal =3500 rs

time=5 years

rate= 14%

simple interest =principal * rate * time

                                          100

                          = 3500 * 5 * 14

                                  100

                                      =35 * 5 *14   = 2450 rs

 

Answer 2

In context of question asked,

We have to determine the value of Principal.

As per question,

We have,

Interest = Rs. 3500

Time Period = 5 years

Rate percentage = 14%

As we have the formula for finding the SI

So, we will apply the formula,

$SI = \frac{P\times R \times T}{100}$

So, we will put the value of P, R and T in above equation,

We will get,

$3500= \frac{P \times 5 \times 14}{100}\\=>P =\frac{3500 \times 100}{70}\\=>Principal =Rs.\: 5000$

Hence, value of Principal will be Rs. 5000.