Question

Choose the correct option.
OPTIONS
How much time will it take for a principal of Rs. 5,100 to
yield Rs. 610 at 5.6% per annum (simple
interest)?
2.14 years
3.16 years
8.36 years
1.18 years​

Answer 1

Answer:

at 5.6% per annum he would yield Rs.571.2 in 2 years

and Rs.610 in 2.14 years

hope it helps :)

Answer 2

Given:

Interest=Rs.610

Principal=Rs.5,100

Rate of interest=5.6% per annum

To find:

The number of years

Solution:

The required number is 2.14 years.

We know that by multiplying the principal, interest rate by 100, and the years, we can obtain the amount of interest.

So, simple interest=Principal×rate of interest×number of years/100

Let the time taken is N years.

Using the given values,

610=5,100×5.6×N/100

610=51×5.6×N

610/51×5.6=N

6100/51×56=N

2.14=N

Thus, the required number is 2.14 years.