Question

What sum of money will produce ₹143 as interest in 4 years at 5% simple interest​

Answer 1

Answer:

answer is 715

Step-by-step explanation:

x×5×4/100=143

x=143×100/5×4=143×5

=715

Answer 2

Answer :

• The sum of money will produce ₹143 as interest in 4 years at 5% simple interest is Rs. 715

Step-by-step explanation :

To Find :-

• The sum of money

Solution :-

Given that,

• The simple Interest = Rs. 143
• Time = 4 years
• Rate = 5%

According the question,

As we know that,

Principal = ( S.I. × 100 ) / ( R × T )

=> Principal = ( 143 × 100 ) / ( 5 × 4 )

=> Principal = 14300 / ( 5 × 4 )

=> Principal = 14300 / 20

=> Principal = 1430 / 2

=> Principal = 715

The sum of money will produce ₹143 as interest in 4 years at 5% simple interest is Rs. 715.

Now, Verification

We can verify the answer, whether it is correct or not, we can verify the answer by the using the formula of Simple Interest,

Let's do !!!

=> 143 = ( P × R × T ) / 100

=> 143 = ( 715 × 4 × 5 ) / 100

=> 143 = ( 715 × 20 ) / 100

=> 143 = 14300 / 100

=> 143 = 1430 / 10

=> 143 = 143

L.H.S = R.H.S

Hence, Verified !

Additional information

Some more information related to Simple interest :-

• P = ( S.I. × 100 ) / ( R × T )
• R = ( S.I. × 100 ) / ( P × T )
• S.I. = ( P × R × T ) / 100
• T = ( S.I. × 100 ) / ( P × R )

Here,

• P = Principal
• R = Rate
• T = Time
• S.I. = Simple Interest