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
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