Hi I want to ask a question based on my maths lesson compound interest so my question is that... what sum of money we have to be invested and for how many years in order to get simple interest of rupees 10000 at the rate of 10 p.c.p.a(write three pairs of values for P and n)

Open in App

Solution

Simple Interest(SI) = Rs 10000
Rate = 10%
SI = (P x T x R)/100
10000 = (P x T x 10)/100
10000 = (P x T )/10
P x T = 100000

(i) If P = 50000 then T = 2 years
(ii) If P = 20000 then T = 5 years
(ii) If P = 10000 then T = 10 years

Suggest Corrections

Similar questions

Q. What sum of money will have to be invested and for how many years in order to get simple interest of Rs 10,000 at the rate of 10 p.c.p.a? (Write three pairs of values for P and N)

A sum of money was invested for 3 years, interest being compounded annually. If the rates for successive years were 10% 15% and 18% respectively. if the compound interest for the second year amounted to rupees 4950, find the sum invested.

Simple interest on a sum of money for 2 years at 4 % is rupees 450. find compound interest on the same sum at the same rate for 2 years.

Q. A certain sum of money, invested for 5 years at 8% p.a. simple interest, earns an interest of Rs. 12000. Find:
(i) the sum of money
(ii) the compound interest earned by this money in two years and at 10% p.a. compound interest.

Q. The simple interest on a certain sum of money at the rate of 10% p.a for 12 years is Rs 840. What should be interest rate so as to get the same interest on the same amount in 5 year?

Join BYJU'S Learning Program

Hi I want to ask a question based on my maths lesson compound interest so my question is that... what sum of money we have to be invested and for how many years in order to get simple interest of rupees 10000 at the rate of 10 p.c.p.a(write three pairs of values for P and n)

Simple Interest(SI) = Rs 10000 Rate = 10% SI = (P x T x R)/100 10000 = (P x T x 10)/100 10000 = (P x T )/10 P x T = 100000 (i) If P = 50000 then T = 2 years (ii) If P = 20000 then T = 5 years (ii) If P = 10000 then T = 10 years

Simple Interest(SI) = Rs 10000
Rate = 10%
SI = (P x T x R)/100
10000 = (P x T x 10)/100
10000 = (P x T )/10
P x T = 100000

(i) If P = 50000 then T = 2 years
(ii) If P = 20000 then T = 5 years
(ii) If P = 10000 then T = 10 years