My Learning Cart
?
Categories
Account

If the simple interest on a sum of money is $300 after 3 years at a rate of 10%

₹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 $300 after 3 years at a rate of 10% per annum, what is the principal?

Options:

  1. $1000
  2. $900
  3. $800
  4. $700

Correct Answer: $1000

Solution: 

SI = Principal × Rate × Time. 300 = Principal × 0.10 × 3. Principal = 300 / 0.30 = $1000.

If the simple interest on a sum of money is $300 after 3 years at a rate of 10%

Practice Questions

Q1
If the simple interest on a sum of money is $300 after 3 years at a rate of 10% per annum, what is the principal?
  1. $1000
  2. $900
  3. $800
  4. $700

Questions & Step-by-Step Solutions

If the simple interest on a sum of money is $300 after 3 years at a rate of 10% per annum, what is the principal?
  • Simple Interest – The calculation of interest on a principal amount over a specified time period at a fixed rate.
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