Question

500 will yield 105 interest at 3%p.a​

Answer 1

Answer:

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Step-by-step explanation:

Solution

Given that,

P=Rs.500

R=3

2

1

=

2

7

% p.a

S.I=Rs.105

T=?

∵S.I=

100

PTR

⟹105=

100×2

500×T×7

=

2

35T

⟹210=35T

⟹T=

35

210

⟹T=6

∴Time=6 years