Find the amount on a principal of ₹ 5000 at the rate of 11% simple interest per annum for a period of 1 year.

₹ 5000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 5500

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

₹ 6000

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 5600

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B ₹ 5500
Using the formula $I = \frac{P T R}{100}$ and substituting

P = $₹ 5000, R = 11 %, T = 1$ year, we have

$I = \frac{5000 \times 11 \times 1}{100} = ₹ 550$

Amount $= P + I = ₹ 5000 + ₹ 550 = ₹ 5550$

Suggest Corrections

Similar questions

The amount to be paid back if the principal of ₹ 5000 is taken at a rate of 11% interest per annum under simple interest for a period of 3 years will be equal to

Simple Interest on a certain sum at $10 %$ per annum for $10$ years is ₹ 25,000. Find the principal and amount.

Q. Principal

= Rs. 5000

, amount

= Rs. 6450

and rate

= 12 %

per annum. Find time and simple interest.

Q. Find the principal amount if the simple interest on the sum is Rs. 4016.25 at the rate of

9 %

per annum for
(a) 5 years
(b) 2 years
(c) 3 years

Join BYJU'S Learning Program

Find the amount on a principal of ₹ 5000 at the rate of 11% simple interest per annum for a period of 1 year.

The correct option is B ₹ 5500Using the formula I=PTR100 and substituting P = ₹ 5000,R=11%,T=1 year, we have I=5000×11×1100=₹ 550 Amount =P+I=₹ 5000+₹ 550=₹ 5550

The correct option is B ₹ 5500
Using the formula $I = \frac{P T R}{100}$ and substituting

P = $₹ 5000, R = 11 %, T = 1$ year, we have

$I = \frac{5000 \times 11 \times 1}{100} = ₹ 550$

Amount $= P + I = ₹ 5000 + ₹ 550 = ₹ 5550$