Question

what sum will amount to rupees 5525 at 10% per annum simple interest in3 years

Answer 1

Let the principal be p,

S.I. = A - P = 5525-p

Amount = ₹5525
Rate = 10%
Time = 3 years

5525 - p = p × 10 × 3/100

=> 5525 - p = 30p / 100

=> 552500 -100p = 30p

=> 552500 = 130p

=> p = 552500/130

=> p = 4250

Therefore, the sum is ₹ 4250.