Question

find the time taken when interest is paid RS.50 on rs.500 at the rate of interest 5%?​

Answer 1

Given:-

• Interest = ₹ 50
• Principal = ₹ 500
• Rate of interest = 5%

To find:-

• Time period.

Solution:-

We know that,

Simple interest = $\sf \: \frac{P \times R \times T}{100}$

In which,

• P is principal.
• R is rate of interest.
• T is time period.

➣ P = ₹ 500

➣ R = 5%

➣ Interest = ₹ 50

Put Interest , R and P in formula

$\implies \sf \: 50 = \frac{500 \times 5 \times T}{100}$

$\implies \sf \: 50 = 5 \times 5 \times T$

$\implies \sf \: 50 = 25 \times T$

$\implies \sf \: \frac{50}{25} = T$

$\implies \sf \: 2 = T$

T = 2

Therefore,

Time period = 2 years

The time taken when interest is paid RS.50 on rs.500 at the rate of interest 5% is 2 years.

Answer 2

Answer:

Step-by-step explanation: