a certain sum of money amounts to 5000 in 5 years 10% in how many years will it amount to 6000 at the same rate
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Step-by-step explanation:
here simple interest= total amount- principle amount
that is 6000-5000=1000
then we have to use this formula SI=P*R*T/100
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♥️ Total amount = ₹ 6000
♥️ Principle = ₹ 5000
Simple Interest = Total amount - Principle
♥️Simple Interest = 6000 - 5000 = ₹ 1000
♥️ Rate of interest = 10%
♥️ Simple Interest = PRT / 100
1000 → 5000 × 10 × T / 100
1000 → 500 × 1 × T
→ T = 1000 / 500
→ T = 2
:. It will take 2 years .
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