Question

what the sum of money will amount to rs 43,200 at5%p.a. simple interest for 5 years​

Answer 1

Answer:

10800

Step-by-step explanation:

we taken the formula p×r×t/100 and put the value of p= 43200 r= 5% t= 5 and we get answer

Answer 2

The value of sum of money is Rupees 34560.

Step-by-step explanation:

Given:

In 5 years  simple interest  and  at 5% per annum.

Sum of money will amount to rs 43,200

To Find:

The value of sum of money.

Formula Used:

$S=\frac{ M\times p\times q}{100}$                       ------------------------- formula no.01

$A=M+S$                   ------------------------- formula no.02

Where,

S  = Simple Interest

A =  total amount of money after paid back at the end of the time period

M = the original amount or sum of money.

P =  the annual interest rate

q =  the number of years

Solution:

As given : In 5 years  simple interest  and  at 5% per annum.

q =5   and p= 5

Applying the formula no.01.

$S=\frac{ M\times p\times q}{100}$

$S=\frac{ M\times 5\times 5}{100}$  

$S=\frac{M}{4}$             ------------------------- equation no.01

As given : Sum of money will amount to rs 43,200

Applying the formula no.02.

A= M+ S

Putting the value of S from equation 01, we get.

$43200=M+\frac{M}{4}$

$43200=\frac{5M}{4}$

$M=\frac{43200\times4}{5}$

     $=34560$

Thus, the value of sum of money is Rupees 34560.