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The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is?
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The simple interest on a sum of money is equal to the principal and th...
The Simple Interest Formula:
The simple interest on a sum of money can be calculated using the formula:
Simple Interest = (Principal x Rate x Time) / 100
Given Information:
In this question, we are given that the simple interest on a sum of money is equal to the principal. Let's suppose the principal amount is P.
Let's Solve the Problem:
To find the rate percent per annum, we need to consider the given information. According to the question:
- Simple Interest = Principal
- Time = Rate percent per annum
Solution Steps:
Let's break down the solution into steps:
1. Substitute the given information into the formula for simple interest:
Simple Interest = (Principal x Rate x Time) / 100
2. Replace the Simple Interest with the Principal:
Principal = (Principal x Rate x Time) / 100
3. Multiply both sides of the equation by 100 to remove the denominator:
100 x Principal = Principal x Rate x Time
4. Divide both sides of the equation by the Principal to isolate the rate:
Rate x Time = 100
5. Divide both sides of the equation by Time to solve for the rate:
Rate = 100 / Time
Final Answer:
Therefore, the rate percent per annum is 100 divided by the number of years (Time).
The simple interest on a sum of money can be calculated using the formula:
Simple Interest = (Principal x Rate x Time) / 100
Given Information:
In this question, we are given that the simple interest on a sum of money is equal to the principal. Let's suppose the principal amount is P.
Let's Solve the Problem:
To find the rate percent per annum, we need to consider the given information. According to the question:
- Simple Interest = Principal
- Time = Rate percent per annum
Solution Steps:
Let's break down the solution into steps:
1. Substitute the given information into the formula for simple interest:
Simple Interest = (Principal x Rate x Time) / 100
2. Replace the Simple Interest with the Principal:
Principal = (Principal x Rate x Time) / 100
3. Multiply both sides of the equation by 100 to remove the denominator:
100 x Principal = Principal x Rate x Time
4. Divide both sides of the equation by the Principal to isolate the rate:
Rate x Time = 100
5. Divide both sides of the equation by Time to solve for the rate:
Rate = 100 / Time
Final Answer:
Therefore, the rate percent per annum is 100 divided by the number of years (Time).
Community Answer
The simple interest on a sum of money is equal to the principal and th...
Please suggest short tricks for MCQ test
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The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is?
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The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is? 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 The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is?.
The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is? 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 The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The simple interest on a sum of money is equal to the principal and the number of year is equal to the rate percent per annum the rate percent per annum is?.
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