Correct option is A
Given:
Simple interest earned in 5 years at 10% per annum is 1000
Formula Used:
Solution:
If the simple interest earned at 10 percent per annum is Rs 1000 at the end of 5 years, then what should be the principal amount?
Given:
Simple interest earned in 5 years at 10% per annum is 1000
Formula Used:
Solution:
If the simple interest earned at 10 percent per annum is Rs 1000 at the end of 5 years, then what should be the principal amount?
Which of the following statement is correct?
I. If amount = Rs. 26500, time = 5 years, and rate of interest = 16.5 percent per annum, then the principal is Rs. 14000 on simple interest.
II. If principal = Rs. 22000, amount = Rs. 39160 and time = 6 years, then at simple interest rate of interest is 13 percent per annum.