Question

3. In how many years will the simple interest on 3750 be one-fifth of itself if rate of interest is 5% p.a.?​

Answer 1

Answer:

4 years

hope it helps you

Answer 2

Answer: 4 years.

Step-by-step explanation:

Given, Principal amount =3750 rs and Rate of interest =5%

By the question, Simple Interest =1/5 × 3750=750 rs

Let the required time=T years

Then by the formula of simple interest, SI=P×R×T/100

⇒750=3750×5×T/100

⇒T=(750×100)/(3750×5)

⇒T=4

∴The required time is 4 years.