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Question

Write the proper numbers in the blanks in the table below.
Principal
(Rs)
Period
(years)
Rate
(p.c.p.a)
Simple Interest
(Rs)
500 7 6 ........
....... 8 9 8640
9000 ....... 5 2475
11000 6 ....... 2640

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Solution

(1) Principal (P) = Rs 500
Time (N) = 7 years
Rate (R) = 6 p.c.p.a.
We have I=P×R×N100
I=500×6×7100 I=5×6×7 I=Rs 210

(2) Time (N) = 8 years
Rate (R) = 9 p.c.p.a
Interest = I = Rs 8640
We have I=P×R×N100
8640=P×9×8100 8640=P×72100

On multiplying both the sides by 100, we obtain:
8640×100=P×72100×100 864000=P×72
On dividing both the sides by 72, we obtain:
8640072=P×4272 Rs 12000=PTherefore, Principal = Rs 12000

(3) Principal (P) = Rs 9000
Rate (R) = 5 p.c.p.a.
Interest = I = Rs 2475
We have I=P×R×N100
2475=9000×5×N100 2475=90×5×N

On dividing both the sides by 5, we obtain:
24755=90×5×N5 495=90×N
On dividing both the sides by 90, we obtain:
49590=90×N90 5.5 year=N
Therefore, Time = 5.5 years

(4) Principal (P) = Rs 11000
Time (N) = 6 years
Interest = I = Rs 2640
We have I=P×R×N100
2640=11000×R×6100 2640=110×R×6

On dividing both the sides by 110, we obtain:
2640110=110×R×6110 24=R×6
On dividing both the sides by 6, we obtain:
246=R×66 4%=RTherefore, rate = 4%
Principal
(Rs)
Period
(years)
Rate
(p.c.p.a)
Simple Interest
(Rs)
500 7 6 210
12000 8 9 8640
9000 5.5 5 2475
11000 6 4 2640

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