Class 7 Exam  >  Class 7 Questions  >  Some amount yield rupees 500 interest at the ... Start Learning for Free
Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal?
Most Upvoted Answer
Some amount yield rupees 500 interest at the rate of 5% per annum for ...
Calculation of Principal


To calculate the principal, we need to use the formula:


Simple Interest = (P * R * T) / 100


Where,


  • P = Principal

  • R = Rate of Interest

  • T = Time



Given Information



  • Interest = Rs. 500

  • Rate of Interest = 5%

  • Time = 2 years



Solution


Substituting the given values in the formula:


500 = (P * 5 * 2) / 100


Simplifying the equation:


P = (500 * 100) / (5 * 2) = 5000


Answer


The principal amount is Rs. 5000.


Therefore, the principal amount is Rs. 5000.
Community Answer
Some amount yield rupees 500 interest at the rate of 5% per annum for ...
Attention Class 7 Students!
To make sure you are not studying endlessly, EduRev has designed Class 7 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 7.
Explore Courses for Class 7 exam

Top Courses for Class 7

Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal?
Question Description
Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal? 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 Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal?.
Solutions for Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal? in English & in Hindi are available as part of our courses for Class 7. Download more important topics, notes, lectures and mock test series for Class 7 Exam by signing up for free.
Here you can find the meaning of Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal? defined & explained in the simplest way possible. Besides giving the explanation of Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal?, a detailed solution for Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal? has been provided alongside types of Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal? theory, EduRev gives you an ample number of questions to practice Some amount yield rupees 500 interest at the rate of 5% per annum for 2 years calculate the principal? tests, examples and also practice Class 7 tests.
Explore Courses for Class 7 exam

Top Courses for Class 7

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev