At 10% simple interest, what principal will earn ₹500 in 2 years?

Problem Statement

Explanation

Use simple interest formula rearranged. Principal equals interest times one hundred divided by rate times time. That is five hundred times one hundred over ten times two equals two thousand five hundred.

Code Solution

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P = 500×100/(10×2) = 2500

Practice Sets

This question appears in the following practice sets:

Simple & Compound Interest

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At 10% simple interest, what principal will earn ₹500 in 2 years?

Problem Statement

Explanation

Code Solution

Practice Sets

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Master Interviews Anywhere, Anytime

At 10% simple interest, what principal will earn ₹500 in 2 years?

Problem Statement

Explanation

Code Solution

Practice Sets

Related Questions

What is the sum of first 50 natural numbers?

Find the HCF of 12 and 18.

Find the LCM of 12 and 18.

Simplify: 25 + 15 × 3 - 10 ÷ 2

A number when divided by 5 leaves remainder 3. What will be the remainder when the square of this number is divided by 5?

More from Aptitude & Reasoning

Master Interviews
Anywhere, Anytime