A certain sum of money amounts to Rs 6300 in 5 years at 515515%simple interest per annum. Find the sum.Rs 4500Rs5000Rs 5500Rs 4000
Question
A certain sum of money amounts to Rs 6300 in 5 years at 515515%simple interest per annum. Find the sum.Rs 4500Rs5000Rs 5500Rs 4000
Solution
The problem is about simple interest calculation. The formula for simple interest is:
I = PRT/100
where: I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time (in years)
In this problem, we are given:
- The total amount (Principal + Interest) = Rs 6300
- The time T = 5 years
- The rate of interest R = 515515% per annum
We are asked to find the principal amount P.
However, the rate of interest given in the problem seems to be incorrect. The value 515515% is not a realistic rate of interest. Please check the problem statement again.
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