If Principal=Rs 5000, rate=9% p.a. and time=146 days. Then S.I.=? and amount=?

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Rs 180, Rs 5180

Rs 200, Rs 5200

Rs 220, Rs 5220

Rs 240, Rs 5240

answer is A.

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Detailed Solution

Given that, Principal=Rs 5000, rate=9% p.a. and time=146 days.
We have,

Simple interest = P × R × T 100

where P=principal, R=rate and T=time.
Amount= Principal + simple interest.
First we write the time in years,

T i m e (T) = S .I . × 100 P × R,

Apply simple interest formula:
Question Image

Applying the amount formula:

Hence, the value of simple interest is Rs 180 and the value of the amount is Rs 5180.
Therefore, the correct option is 1.

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