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Q.


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

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a

Rs 180, Rs 5180

b

Rs 200, Rs 5200

c

Rs 220, Rs 5220

d

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,
Time(T)= S.I.×100 P×R ,  
Apply simple interest formula:
Question Image
Applying the amount formula:
Question Image
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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