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Question
Fill in the blanks in the table.
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 8000 | 5% | ...... | 800 | ...... |
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Solution
| Principal | Rate of interest (p.c.p.a.) | Time | Interest | Amount |
| 8000 | 5% | 2 years | 800 | 8800 |
Explanation:
Given:
Principal (P) = 8000 rupees
Total interest (I) = 800 rupess
Rate of interest (R) = 5%
Formula:
Time (T) = `("I"xx100)/("P"xx"R")`
Solution:
Time (T) = `(800xx100)/(8000xx5)`
= 2 years
Total Amount = P + I
= 8000 + 800
= 8800 rupees
RELATED QUESTIONS
A page from the savings bank account of Mrs Ravi is given below.
| Date | Particulars | Withdrawal (Rs.) |
Deposit (Rs.) | Balance (Rs.) |
| April 3rd 2006 | B/F | 6000 | ||
| April 7th | By cash | 2300 | 8300 | |
| April 15th | By cheque | 3500 | 11800 | |
| May 20th | To self | 4200 | 7600 | |
| June 10th | By cash | 5800 | 13400 | |
| June 15th | To self | 3100 | 10300 | |
| August 13th | By cheque | 1000 | 11300 | |
| August 25th | To self | 7400 | 3900 | |
| September 6th 2006 |
By cash | 2000 | 5900 |
She closed the account on 30th September 2006. Calculate the interest Mrs Ravi earned
at the end of 30th September 2006 at 4.5% per annum interest. Hence, find the
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