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Simple Interest
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What is the present worth of Rs. 400 due in 3 years at 5% simple interest per annum?
Options
- Rs. 367.5
- Rs. 347.8
- Rs. 267.6
- Rs. 267.4
CORRECT ANSWER : Rs. 347.8
Discussion Board
for buddies who are not able to understand the qeestion
so in the question it is asked what is the initial invested amount if the final total amount is 400.
how do we solve it...! pretty simple as we have to solve for principle amount
now as we know the formula
AMT = P + SI
AMT = P + PRT/100
400 = P + (P*3*5)/100
400 * 100 = 100P + 15P
40000 = 115P
P = 40000/115
P = 347.8
So, 347.8 is the answer
vivek more 06-14-2025 01:10 PM
sol of above problem
A = P + SI
A= P + P.R.T/100
A =P(1+R.T/100)
400= P(1+15/100)
400=23P/20
P=400*20/23
P= 347.8
UNKNOWN 01-24-2023 06:25 AM
Justification for answer
400-P=Px3x5/100
Solve for P . U''ll get the answer..
Umme 07-20-2018 06:06 AM
aptitude
how you arrived the answer is 347.8?
keerthika 09-7-2017 10:20 AM
doubt regarding the answer
What is the present worth of Rs. 400 due in 3 years at 5% simple interest per annum?
how you arrived that answer is 347.8?
arumugam 05-5-2017 10:07 AM
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