bharat lent a sum of 5500rs to aman at rate of 5% pa. aman paid rajat 6325 in return. how long did aman keep rajats money
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Given :- Bharat lent a sum of Rs.5500 to Aman at rate of 5% per annum at simple interest. Aman paid Bharat Rs.6325 in return . How long did aman keep Bharat money ?
Solution :-
Case 1):- when rate is at simple interest .
- Principal = Rs.5500
- Rate = 5% per annum.
- Time = Let T years.
- Amount = Rs.6325 .
→ Simple interest = (Principal * rate * time) / 100
→ SI = (5500 * 5 * T)/100
→ SI = 275T
then,
→ Amount = P + SI
→ 6325 = 5500 + 275T
→ 275T = 6325 - 5500
→ 275T = 825
→ T = 3 years. (Ans.)
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