Question

Henna borrows rupees 5000 at the rate of 5% per annum.the total interest payable over the period of lian is RS 1000.how many years will it take back to pay the loan​.​

Answer 1

Answer:

Answer ✌️✌️

Step-by-step explanation:

ur answer is 3250

Answer 2

Given :-

• Principal = Rs,5000
• Simple Interest = Rs,1000
• Rate = 5%

To Find :-

• How many years will it take back to pay the loan.

Solution :-

In this Question the Concept of Simple Interest is used .So, let us

recall the Concept of Simple

Interest. We know that simple

interest is calculated uniformly

throughout the loan period on the

original principal and is given by the

following formula :- Simple Interest =Principal × Rate × Time ÷ 100 .

So, in this Question Principal , Rate and Simple Interest is given and we have to find the Time, So simply we will apply the Formula and will find the time.

➽ Simple Interest = P × R × T ÷ 100

➽ 1000 = 5000 × 5 × T ÷ 100

➽ 1000 = 50 × 5 × Time

➽ 1000 = 250 × Time

➽ 1000 ÷ 250 = Time

➽ 4 = Time

Therefore, It will take 4 years to take back the loan.

________________

$\red{\bf{✿┅═══❁✿ Be\: Brainly✿❁═══┅✿}}$