Question

1 point
The simple interest of Rs. 500
at the rate of 5% is Rs. 100. This
interest is of the time
O 1 year
O 10 year
O 4 years​

Answer 1

Answer :- 1 year

Explanation :-

simple interests = principle × rate × time

500 = 100 × 5 × time

500 = 500 × time

time = 500 ÷ 500

Time = 1 year

Answer 2

T=4years

Principal = Rs 500

Interest = Rs 100

Rate = 5%

Interest,

$I = \frac{P \times R \times T}{100}$

$100 = \frac{5 \times 5 \times T}{100}$

T=4 years