Question

Find the time when..... (a) principal =$500 rate = 7.5% S. I. =$ 150...

Answer 1

Answer:

4 years

Step-by-step explanation:

we know

SI= $\frac{P*R*T}{100}$

we have been given:

P= $500

R=7.5%

T=?( need to find)

SI= $150

= $150 = $\frac{500*7.5*T}{100}$

= 15000=3750T

∴ T= $\frac{15000}{3750}$

⇒T= 4 years

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