wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
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

A
Rs. 4000
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Rs. 2500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Rs. 1000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
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 beRs.P

Then according to question,

PRT100=6000P

P×10×5100=6000P

P2=6000P

P=Rs.4000

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Deducing a Formula for Compound Interest
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon