17.The amount of what surm becomes? 400 in years at 12% simple annual

1.	17.The amount of what surm becomes? 400 in years at 12% simple annual interest?
Answer» Given R=12%, T = 5, A = 400P =? We know,SI = PRT/100SI = A - P Then,A - P = PRT/100400 - P = P125/1003P/5 + P = 4008P/5 = 4008P = 2000P = 2000/8 = 250 Therefore amount of Rs 250 becomes Rs 400 in 5 years at 12% simple Interest

17.The amount of what surm becomes? 400 in years at 12% simple annual interest?

Answer»

Given R=12%, T = 5, A = 400P =?

We know,SI = P*R*T/100SI = A - P

Then,A - P = P*R*T/100400 - P = P*12*5/1003P/5 + P = 4008P/5 = 4008P = 2000P = 2000/8 = 250

Therefore amount of Rs 250 becomes Rs 400 in 5 years at 12% simple Interest