Question

find in what time: rs 500 will yield rs 105 interest at 3 1/2% p.a​

Answer 1

The time of rs 500 yields rs 105 interest at 3 1/2 % pa is 6 years.

Answer 2

Step-by-step explanation:

Given that,

P=Rs.500

R=3 1/2

= 7/2 % p.a

S.I=Rs.105

T=?

∵S.I= PTR/100

⟹105=

100×2

500×T×7

= 35t/2

⟹210=35T

⟹T= 210/35

⟹T=6

∴Time=6 years