The simple interest on a principal amount (in ₹) is ₹177 for a period of 5 years at the rate of 2% per annum.
The simple interest on a principal amount (in ₹) is ₹177 for a period of 5 years at the rate of 2% per annum. The principal amount (in ₹) is:
किसी मूलधन पर 2% की वार्षिक दर से 5 वर्ष की अवधि के लिए साधारण ब्याज ₹177 है। मूलधन (₹ में) ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
1770
Solution / समाधान
We know,
Simple Interest
$SI = \frac{P \times R \times T}{100}$
Given:
$SI = 177$
$R = 2%$
$T = 5$ years
Substituting the values:
$177 = \frac{P \times 2 \times 5}{100}$
$177 = \frac{10P}{100}$
$177 = \frac{P}{10}$
$P = 177 \times 10$
P = 1770
Similar Practice Questions
The amount on a sum of ₹2,400 at 20%
The amount on a sum of ₹2,400 at 20% per annum compound interest, compounded annually,...
Sharad invested two equal amounts for 6 years and 3 years
Sharad invested two equal amounts for 6 years and 3 years at the rate of...
Amit invests a sum of ₹5400
Amit invests a sum of ₹5400 and Gopal invests a sum of ₹9400 at the...
Nitin has ₹1617 with him.
Nitin has ₹1617 with him. He divided it amongst his sons Pravin and Rishi and...
When difference between compound
When difference between compound and simple interest for three years is ₹228 at 4% interest...
The simple interest on a certain sum \(3\frac{1}{3}\) year at the rate 4.2% per annum is ₹5,845. What will be the amount payble on the same sum at the rate of 6.4% per annum simple interest in \(12\frac{1}{2}\) years?
The simple interest on a certain sum \(3\frac{1}{3}\) year at the rate 4.2% per annum...
Find the simple interest (in ₹) on ₹2,000 at 7% per annum rate
Find the simple interest (in ₹) on ₹2,000 at 7% per annum rate of interest...