What sum of money will earn an interest of rs 2750 in 5 year at 10 % per year

Step 1: The formula for Simple Interest (SI) is: SI = (P × R × T) / 100 Where P is the Principal, R is the Rate of interest per year, and T is the Time in years. Step 2: We need to find the Principal (P). Rearrange the formula to solve for P: P = (SI × 100) / (R × T) Step 3: Substitute the given values into the formula: SI = Rs 2750; R = 10 %; T = 5 years; P = (2750 × 100) / (10 × 5) Step 4: Calculate the value of P: P = 275000 / 50; P = 5500 The sum of money is Rs 5500.

What sum of money will earn an interest of rs 2750 in 5 year at 10 % per year

Step 1: The formula for Simple Interest (SI) is: SI = (P × R × T) / 100 Where P is the Principal, R is the Rate of interest per year, and T is the Time in years. Step 2: We need to find the Principal (P). Rearrange the formula to solve for P: P = (SI × 100) / (R × T) Step 3: Substitute the given values into the formula: SI = Rs 2750; R = 10 %; T = 5 years; P = (2750 × 100) / (10 × 5) Step 4: Calculate the value of P: P = 275000 / 50; P = 5500 The sum of money is Rs 5500.

Solved: What sum of money will earn an interest of rs 2750…

The formula for Simple Interest (SI) is
SI = (P × R × T) / 100
Where P is the Principal, R is the Rate of interest per year, and T is the Time in years.
We need to find the Principal (P).
Rearrange the formula to solve for P:
P = (SI × 100) / (R × T)
Substitute the given values into the formula
SI = Rs 2750
R = 10 %
T = 5 years

P = (2750 × 100) / (10 × 5)
Calculate the value of P
P = 275000 / 50
P = 5500

The sum of money is Rs 5500.

What sum of money will earn an interest of rs 2750 in 5 year at 10 % per year

Step-by-step solution

The formula for Simple Interest (SI) is

We need to find the Principal (P).

Substitute the given values into the formula

Calculate the value of P

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