Question

1. At what rate percent per annum will * 550 amount to * 650 in 4 years?​

Answer 1

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Given that,

Principle=Rs.500

Rate of interest=3%

AmountRs.600

Simple interest =amount -principal

=600−500=Rs.100

S.I= p×r×t/100

100= 500×5×t/100

t= 100×100/500×5

100/25=t

t=4

Then,

We get time will be 4 years.