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Question
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ...... | 6% | 4 years | 1200 | ...... |
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Solution
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 5000 | 6% | 4 years | 1200 | 6200 |
Explanation:
Given:
Total interest (I) = 1200 rupess
Rate of interest (R) = 6%
Time (T) = 4 years
Formula:
Principal (P) = `("I"xx100)/("R"xx"T")`
Solution:
= `(1200xx100)/(6xx4)`
= 5000 rupees
Total Amount = P + I
= 5000 + 1200
= 6200 rupees
RELATED QUESTIONS
A page from the ‘Savings Bank’ account of Priyanka is given below:
| Date | Particulars |
Amount (Rs.) |
Amount deposited (Rs.) |
Balance (Rs.) |
| 03/04/2006 | B/F | 4000.00 | ||
| 05/04/2006 | By cash | 2000.00 | 6000.00 | |
| 18/04/2006 | By cheque | 6000.00 | 12000.00 | |
| 25/05/2006 | By cheque | 5000.00 | 7000.00 | |
| 30/05/2006 | By cash | 3000.00 | 10000.00 | |
| 20/07/2006 | By self | 4000.00 | 6000.00 | |
| 10/09/2006 | By cash | 2000.00 | 8000.00 | |
| 19/09/2006 | To cheque | 1000.00 | 7000.00 |
If the interest earned by Priyanka for the period ending September 2006 is Rs. 175, the find the rate of interest.
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Make the entries in his passbook
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Make the entries in her passbook
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Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| ....... | `2 1/2%` | 5 years | 2400 | ...... |
