Question

A sum of rs500 amounts tors 600 in 4 years . what will it amount to if rate of interest is increased by 1%​

Answer 1

Answer:

Given that,

Principle=Rs.500

Rate of interest=3%

AmountRs.600

Simple interest =amount -principal

=600−500=Rs.100

S.I=

100

p×r×t

100=

100

500×5×t

t=

500×5

100×100

25

100

=t

t=4

Then,

We get time will be 4 years.

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Answer 2

rate of interest is to be 30%