41. In how many years does the sum of 1200 | 45.
become 1800 at the rate of simple interest
of 5% per annum?
(A) 10
(B) 20
(C) 15
(D) 25
Answers
It will take 10 year to become 1800
Step-by-step explanation:
We have given principal amount P = 1200
At the rate of 5% amount become 1800
So A = 1800
So simple interest = 1800 - 1200 = 600
Simple interest is given by
t = 10 years
So 1200 will take 10 years to become 1800
Learn more
Find the compound interest at the rate of 5% per annum for 3 years on that sum which in 3 years at the rate of 5% per annum gives 1200 as simple interest.
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Answer:
principle=Rs1200
Total amount=Rs 1800
Rate of interest=5%per annum
Number of years=?
Step 1=
FIND THE SIMPLE INTEREST
total amount=principle+simple interest
800=1200+simple interest
simple interest= 1800-1200
simple interest=600
Step 2
FIND THE NUMBER OF YEARS
- simple interest =p× n× r/
- 600= 1200×n×5/
- 60n=600
- n=10
- Thus it takes 10year for sum of Rs1200 become Rs 1800 at the rate of simple interest of 5%per annum
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