What sum of money will earn ₹ 500 as simple interest in 1 year at 5% per annum?

What sum of money will earn ₹ 500 as simple interest in 1 year at 5% per annum?

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2 thoughts on “What sum of money will earn ₹ 500 as simple interest in 1 year at 5% per annum?”

  1. Answer:

    [tex]\huge\colorbox{pink} {Answer} [/tex]

    P=?

    R= 5%

    T=1year

    SI(Simple Interest) = Rs.500

    Formula of Simple Interest:

    [tex]SI =\frac{PRT}{100} \\ = 500 = \frac{P \times 5 \times 1}{100} \\ by \: cross \: mutiplying.. \\ = P \times 5 \times 1 = 500 \times 100 \\ = P = \cancel \frac{500 \times 100}{5} \\ = 100 \times 100 \\ = 10000[/tex]

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