Question

Aladdin has 15gold coins in his magic bag. The Genie tells him that for every 100 gold coins he has in his magic bag, he will get 5 extra gold coins every year.
How many years later will Aladdin have 303030 gold coins in his bag?

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

20 years

Step-by-step explanation:

According to question

He has 15 coins so, it is the principal

He will get 5 extra so it is the rate

If he needs 30 coins in total after some years so it is the amount

So, now we have-

Principal- 15

Rate- 5%

Amount- 30

Simple Interest- 30-15= 5

Now we can find the time-

SI= Principal* Rate * Time / 100

Time= 100 * SI / Rate * Principal

= 5* 100 / 5* 15

= 20

Hence, Time= 20years

Hope you understood!!