1.

A sum of Rs. 5050 becomes Rs _____on 5% per annum simpleinterest after 3 yrs.

Answer»

A sum of Rs. 5050 BECOMES Rs 5807.5 on 5% per annum SIMPLE interest after 3 yrs

Step-by-step EXPLANATION:

GIVEN

Principal = ₹5050

Rate = 5% per annum

Time = 3 years

___________________________

TO FIND

A sum of Rs. 5050 becomes Rs _____ on 5% per annum simple interest after 3 yrs

___________________________

Simple Interest

We KNOW that,

Simple Interest = Principal × Rate × Time / 100

Simple Interest = 5050 × 5 × 3 / 100

Simple Interest = 75750 / 100

Simple Interest = 757.5

Simple Interest = ₹757.5

___________________________

Amount

Amount = Principal + Simple Interest

Amount = 5050 + 757.5

Amount = 5807.5

Amount = ₹5807.5

A sum of Rs. 5050 becomes Rs 5807.5 on 5% per annum simple interest after 3 yrs



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