You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard VIII

Mathematics

Formula for CI

If certain su...

Question

If certain sum of money was deposited for $5$ year at $10$ % simple interest and amounted to Rs $6000$ then the value of amount deposited was

Rs.

4000

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

Rs.

2500

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

Rs.

1000

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

Rs.

680

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

Open in App

Solution

The correct option is A Rs. $4000$
Let amount which was deposited be $R s . P$

Then according to question,

$\frac{P R T}{100} = 6000 - P$

$\frac{P \times 10 \times 5}{100} = 6000 - P$

$\frac{P}{2} = 6000 - P$

$P = R s .4000$

Suggest Corrections

Similar questions

Q. A certain sum of money P was deposited for

5

years and

4

months at

4.5

simple interest and amounted to

R s . 248

. Then the value of P is

Q. A certain sum of money

Q

was deposited for

5

years and

4

months at

4.5 %

simple interest and amounted to

R s 248.

Then the value of

Q

A bank offers two schemes : An amount of Rs. 1000 was deposited in scheme 1 at 5% p.a. simple interest for 6 years. Another amount of Rs. 1200 was deposited in scheme 2 at 6% p.a. in scheme simple interest for 5 years

If by mistake, the amount deposited in scheme 1 was deposited in scheme 2 and vice versa. How much profit/loss did the depositor suffer?

Q. A person lent a certain sum of money at

4 %

simple interest and in

5

years, the interest amounted to Rs.

520

less than the sum lent. The sum lent was

Q. Anand deposited Rs.

6000

on simple interest. He withdraw Rs.

4000

and its interest from that amount after

2

years. After next

3

years, he withdraw the rest of the amount and its interest accured till that time, in all the obtained Rs.

900

as interest. The rate of interest per annum was

Join BYJU'S Learning Program

If certain sum of money was deposited for 5 year at 10 % simple interest and amounted to Rs 6000 then the value of amount deposited was

The correct option is A Rs. 4000Let amount which was deposited beRs.PThen according to question,PRT100=6000−PP×10×5100=6000−PP2=6000−PP=Rs.4000

If certain sum of money was deposited for $5$ year at $10$ % simple interest and amounted to Rs $6000$ then the value of amount deposited was

The correct option is A Rs. $4000$
Let amount which was deposited be $R s . P$

Then according to question,

$\frac{P R T}{100} = 6000 - P$

$\frac{P \times 10 \times 5}{100} = 6000 - P$

$\frac{P}{2} = 6000 - P$

$P = R s .4000$