My Learning Cart
?
Categories
Account

If the simple interest on a sum of money is $200 for 2 years at a rate of 5% per

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: If the simple interest on a sum of money is $200 for 2 years at a rate of 5% per annum, what is the principal amount?

Options:

  1. $2000
  2. $2500
  3. $3000
  4. $1500

Correct Answer: $2000

Solution: 

Simple Interest = Principal * Rate * Time / 100. Therefore, Principal = (200 * 100) / (5 * 2) = $2000.

If the simple interest on a sum of money is $200 for 2 years at a rate of 5% per

Practice Questions

Q1
If the simple interest on a sum of money is $200 for 2 years at a rate of 5% per annum, what is the principal amount?
  1. $2000
  2. $2500
  3. $3000
  4. $1500

Questions & Step-by-Step Solutions

If the simple interest on a sum of money is $200 for 2 years at a rate of 5% per annum, what is the principal amount?
  • Simple Interest Calculation – Understanding the formula for calculating simple interest and rearranging it to find the principal amount.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks