Question

Deepika borrowed 1000 from Megha at 10% p.a. simple interest. After some time, Megha got 1050. Calculate the time.​

Answer 1

Simple interest = p*r*t/100
= 1050-1000
= 50
P=1000
r=10
T=?

T = SI * 100/p*r
= 50 *100 /1000*10
=5000/10000
= 1/2 years
or ,We can say, six months