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A certain sum of money amounts to Rs 6300 in 5 years at 515515%simple interest per annum. Find the sum.Rs 4000Rs 4500Rs 5500Rs5000

Question

A certain sum of money amounts to Rs 6300 in 5 years at 515515% simple interest per annum.

Find the sum.

  • Rs 4000
  • Rs 4500
  • Rs 5500
  • Rs 5000
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Solution

The problem seems to have a typo in the interest rate. However, assuming we have a correct interest rate, we can solve the problem using the formula for simple interest:

I = PRT/100

Where: I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time

Given in the problem: I = Rs 6300 (the total amount after 5 years) T = 5 years

We need to find P (the initial sum of money).

First, we need to find out how much interest was earned. We do this by subtracting the initial sum from the total amount after 5 years. However, without the initial sum or the correct interest rate, we cannot proceed with the calculation.

Please provide the correct interest rate or the initial sum of money.

This problem has been solved

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