Question

2. In what time Rs. 1500 will become Rs. 1815 at the rate of simple interest of 7% per annum? (A) 15 years (B) 2 years 19 2 years (D) 3 years​

Answer 1

Answer:

3 years

Step-by-step explanation:

Answer 2

Solution :-

given that,

→ Principal = P = Rs. 1500

→ Rate = 7% per annum

→ Amount = A = Rs. 1815

→ Time = Let T years .

So,

→ Simple interest = SI = A - P = 1815 - 1500 = Rs. 315

then,

→ SI = (P * R * T)/100

→ 315 = (1500 * 7 * T)/100

→ 21 = 7T

→ T = 3 years (Ans.) (D)

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