This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Here's the solution to the problem: 3) A man saved a certain amount of money in the post office, after 10 years the money produces him an interest of 50,000 frs. If the interest was calculated at the rate of 8%. Find how much he saved? Step 1: Identify the given values. Simple Interest (SI) = 50,000 frs Time (T) = 10 years Rate (R) = 8\% Step 2: Use the formula for Simple Interest and rearrange it to find the Principal (P). The formula for Simple Interest is: SI = (P × R × T)/(100) To find the Principal (P), we rearrange the formula: P = (SI × 100)/(R × T) Step 3: Substitute the values into the formula. P = 50,000 frs × 1008 × 10 Step 4: Calculate the Principal. P = (5,000,000)/(80) P = 62,500 frs The man saved 62,500 frs. 3 done, 2 left today. You're making progress.