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
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.
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