1. A person lent certain sum of money at 10% per annum simple interest. In 20 years the interest amounted to Rs 500 more than the sum lent. What was the sum lent (in Rs)?
Write Comment
Comments
By: anil on 05 May 2019 01.46 am
Let sum rent = Rs. $$100x$$
Rate of interest = 10% and time period = 20 years Simple interest = $$frac{P imes r imes t}{100}$$ => $$frac{100x imes10 imes20}{100}=500+100x$$ => $$200x=500+100x$$ => $$200x-100x=500$$ => $$100x=500$$ => Ans - (B)
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use
Rate of interest = 10% and time period = 20 years Simple interest = $$frac{P imes r imes t}{100}$$ => $$frac{100x imes10 imes20}{100}=500+100x$$ => $$200x=500+100x$$ => $$200x-100x=500$$ => $$100x=500$$ => Ans - (B)