If Mathew wants to earn a simple interest of ₹ 500 by lending money to his friend at an interest of $10 %$ per annum for 5 years, then the money that he lend will be ₹ ___

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Solution

Given I = ₹ 500, $R = 10 %$ , T = 5 years.

Using the formula I = $\frac{P R T}{100}$ , we get

$P = \frac{I \times 100}{T \times R} = \frac{500 \times 100}{5 \times 10} = ₹ 1000$ .

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If Mathew wants to earn a simple interest of ₹ 500 by lending money to his friend at an interest of 10% per annum for 5 years, then the money that he lend will be ₹ ___

Given I = ₹ 500, R=10%, T = 5 years. Using the formula I = PRT100 , we get P=I×100T×R=500×1005×10=₹ 1000.

If Mathew wants to earn a simple interest of ₹ 500 by lending money to his friend at an interest of $10 %$ per annum for 5 years, then the money that he lend will be ₹ ___

Given I = ₹ 500, $R = 10 %$ , T = 5 years.

Using the formula I = $\frac{P R T}{100}$ , we get

$P = \frac{I \times 100}{T \times R} = \frac{500 \times 100}{5 \times 10} = ₹ 1000$ .