Question

find the time when simple interest on rupees 2500 at 4% per annum is rupees 200

Answer 1

Answer:

2 years

Step-by-step explanation:

Principal = Rs 2500

Interest rate = 4%

Find the interest for 1 year:

Interest = 4% of Rs 2500

Interest = 0.04 x 2500 = Rs 100

Find the number of years to accumulate Rs 200:

1 years = Rs 100

Number of years = 200 ÷ 100 = 2

Answer: 2 years

Answer 2

Answer:

The time will be of 2 years.

Step-by-step explanation:

In context to the question asked,

We have to find the time,

As per data given in the question,

We have,

Simple Interest ( S. I ) = Rs.$200$

Principal ( P ) = Rs.$2500$

Rate ( R ) = $4$%p.a.

As we know that, for calculating the required time:

The formula to be used:

$=> Time=\frac{S.I \times 10 0 }{P \times R }$

Substituting the given values:

$=> Time=\frac{200 \times 10 0 }{2500\times 4 }$

=> Time = 2 years

Hence, the required time is 2 years.