Question

Which of the following sum of money will amount for rs.1050/ in 5years at 8% per annum simple intrest.

Answer 1

Answer:

10%

Step-by-step explanation:

Amount = Rs.1050

Principal=Rs.700

Interest=Rs.1050–700=Rs.350

R=100*I/P*N=100*350/700*5=10

Rate of interest=10%

Answer 2

Answer:

GIVEN - PRINCIPAL (P) = RS. 1050 , RATE (R) = 8% , TIME (T) = 5 YEARS .

Step-by-step explanation:

SIMPLE INTEREST (SI) = PRT/100

=1050×8×5/100

=RS.420

AMOUNT (A) = P+SI

=1050+420

=RS.1470 ❤️.

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