A sum of RS.800 is deposited in a bank at the rate of 5% simple interest per annum.In how many years will this sum because RS .1000 ?
Answers
Answered by
9
Simple interest=P*R*T/100
P=800
R=5%p.a
T=x
To get Rs 1000 amount-
Interest needed=1000-800=Rs 200
Substituting values in formula
We get
800*5*x/100=200 Then x=5 years
P=800
R=5%p.a
T=x
To get Rs 1000 amount-
Interest needed=1000-800=Rs 200
Substituting values in formula
We get
800*5*x/100=200 Then x=5 years
Answered by
0
Step-by-step explanation:
p. 800
R. 5%
A. 1000
SI. ?
T. ?
SI. A-P
1000- 800
200
T. 200×100÷800×5
5 yr
Attachments:
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