find the time in which the principal of rs 5000 will earn simple interest of rs 1800 at the rate of 6% per annum
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yasminefernandez:
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Given :-
Principal , P =Rs. 5000
Simple interest , SI = Rs. 1800
Rate of interest , R = 6%
We know that ,
S.I = P × R × T / 100
=>T = S.I × 100 / P × R
Using the above formula
T = 1800 × 100 / 5000 × 6
=> T = 180000 / 30000
=> T = 6
•°• Time = 6 years
So ,
In 6 years the principal of amount Rs. 5000 will earn simple interest of Rs. 1800 at the rate of 6% per annum .
Principal , P =Rs. 5000
Simple interest , SI = Rs. 1800
Rate of interest , R = 6%
We know that ,
S.I = P × R × T / 100
=>T = S.I × 100 / P × R
Using the above formula
T = 1800 × 100 / 5000 × 6
=> T = 180000 / 30000
=> T = 6
•°• Time = 6 years
So ,
In 6 years the principal of amount Rs. 5000 will earn simple interest of Rs. 1800 at the rate of 6% per annum .
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