Question

alculate the amount of time it will take for an amount of Rs. 500 to generate 90 as an interest at 4.5% per annum at
imple interest​

Answer 1

Answer:

4 Years.

Step-by-step explanation:

Formula of calculating Simple Interest

= (P * R * T) / 100

HERE,

P = Rs 500

R = 4.5% PA

T = unknown

SI = Rs 90

Putting it in Formula and solving it would give,

T = (90 * 100) / (500 * 4.5)

Which provides us with the value of T = 4 Years.