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

# Simple Interest on a certain sum at 10% per annum for 10 years is ₹ 25,000. Find the principal and amount.

A

Principal =Rs. 50,000

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

Amount =Rs. 50,000

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

Amount =Rs. 25,000

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

Principal =Rs. 25,000

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

## The correct options are B Amount =Rs. 50,000 D Principal =Rs. 25,000 Let the principal be P. Given, Rate =10% Time =10 years Simple Interest = ₹ 25,000 We know that, Simple Interest =P×R×T100 ⇒25000=P×10×10100 ⇒P=25000×10010×10=₹ 25,000 Since, Amount = Principal + Simple Interest ⇒ Amount =25000+25000= ₹ 50,000

Suggest Corrections
0
Join BYJU'S Learning Program
Related Videos
Simple Interest
MATHEMATICS
Watch in App
Explore more
Join BYJU'S Learning Program