Question

What sum will amount to Rs. 800 after 5 years at the rate of 5% per annum?​

Answer 1

• Given

• Principal = Rs. 800
• Time = 5 years
• Rate% = 5%

• To find

• Amount

• Solution

Using formula,

S.I. = (P × R × T)/100

where,

• P = Principal
• R = Rate
• T = Time

Substituting the given values,

⟶ (800 × 5 × 5)/100

⟶ 8 × 5 × 5

⟶ Rs. 200

Simple Interest = Rs. 200

Using formula,

A = P + I

where,

• A = amount
• P = principal
• I = Interest

Substituting the given values,

⟶ Rs. 800 + Rs. 200

⟶ Rs. 1000

• Amount = Rs. 1000