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On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum?
Verified Answer
On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % ra...
Here
SI= 450
T = 3yrs
R= 5%
so
we know that
P= SI x 100/ r x t
=450 x 100/3 x 5
= 3000 ans.
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Most Upvoted Answer
On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % ra...
Given:
- Interest paid after 3 years = Rs 450
- Rate of interest = 5% p.a.
To find:
- The principal sum (the sum on which the interest is calculated)
Solution:
Let's assume the principal sum as P.
Formula:
The simple interest formula can be used to find the principal sum:
Simple Interest (SI) = (P * R * T) / 100
Given values:
- SI = Rs 450
- R = 5% p.a.
- T = 3 years
Substituting the values in the formula:
450 = (P * 5 * 3) / 100
Simplifying the equation:
450 = (P * 15) / 100
450 * 100 = 15P
45000 = 15P
Dividing both sides by 15:
P = 45000 / 15
P = 3000
Therefore, the principal sum is Rs 3000.
Explanation:
- The formula for calculating simple interest is SI = (P * R * T) / 100, where P is the principal sum, R is the rate of interest, and T is the time period.
- We are given the interest paid after 3 years as Rs 450 and the rate of interest as 5%.
- Substituting the given values in the formula, we get the equation 450 = (P * 5 * 3) / 100.
- Simplifying the equation, we find that the principal sum P is equal to 3000.
- Therefore, the sum on which the interest is calculated is Rs 3000.
- Interest paid after 3 years = Rs 450
- Rate of interest = 5% p.a.
To find:
- The principal sum (the sum on which the interest is calculated)
Solution:
Let's assume the principal sum as P.
Formula:
The simple interest formula can be used to find the principal sum:
Simple Interest (SI) = (P * R * T) / 100
Given values:
- SI = Rs 450
- R = 5% p.a.
- T = 3 years
Substituting the values in the formula:
450 = (P * 5 * 3) / 100
Simplifying the equation:
450 = (P * 15) / 100
450 * 100 = 15P
45000 = 15P
Dividing both sides by 15:
P = 45000 / 15
P = 3000
Therefore, the principal sum is Rs 3000.
Explanation:
- The formula for calculating simple interest is SI = (P * R * T) / 100, where P is the principal sum, R is the rate of interest, and T is the time period.
- We are given the interest paid after 3 years as Rs 450 and the rate of interest as 5%.
- Substituting the given values in the formula, we get the equation 450 = (P * 5 * 3) / 100.
- Simplifying the equation, we find that the principal sum P is equal to 3000.
- Therefore, the sum on which the interest is calculated is Rs 3000.
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On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum?
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On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum?.
On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On a certain sum the interest paid after 3 yrs is rupees 450 at 5 % rate of interest p.a.Find the sum?.
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