Question

What sum of money will fetch an annual interest if Rs. 800 at 8%per annum?

Answer 1

principal = interest × 100 / rate × time
= 800×100 / 8× 1
= 10000 answer


hope it helps ☺☺☺☺

Answer 2

Given:

Annual interest is 800 Rs. and rate of interest is 8%.

To Find:

What is sum of money?

Solution:

Let :

Sum of money = P

Interest money (S.I) = 800 Rs.

Time of duration (T) = 1 year

Rate of interest (R) = 8 %

We know the formula of simple interest:

$\mathbf{S.I =\dfrac{P\times R\times T}{100}}$

On putting respective value in above equation:

$\mathbf{800 =\dfrac{P\times 8\times 1}{100}}$

$\mathbf{P =\dfrac{800\times 100}{8}}$

So

P = 10000 Rs.

Means sum of money is 10000 Rupees.