If Mathew wants to earn a simple interest of Rs. 500 by lending money to his friend at an interest of $10 %$ per annum for 5 years, how much money should he lend?

Rs. 5000

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Rs. 1000

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Rs. 500

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Rs. 100

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Solution

The correct option is B
Rs. 1000

Given I = Rs. 500, $R = 10 %$ , T = 5 years.
$P = \frac{I \times 100}{T \times R} = \frac{500 \times 100}{5 \times 10} = R s .1000$ .

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If Mathew wants to earn a simple interest of Rs. 500 by lending money to his friend at an interest of 10% per annum for 5 years, how much money should he lend?

The correct option is B Rs. 1000 Given I = Rs. 500, R=10%, T = 5 years. P=I×100T×R=500×1005×10=Rs.1000.

If Mathew wants to earn a simple interest of Rs. 500 by lending money to his friend at an interest of $10 %$ per annum for 5 years, how much money should he lend?

The correct option is B
Rs. 1000

Given I = Rs. 500, $R = 10 %$ , T = 5 years.
$P = \frac{I \times 100}{T \times R} = \frac{500 \times 100}{5 \times 10} = R s .1000$ .