Question

How Long will it take Rs 5000 to become Rs.7100 at 6% per annum simple interest.​

Answer 1

$\huge{\sf{\underline{\underline{\color{teal}{❥Solution}}}}}$

Given:

• Principal = ₹5000
• Amount = ₹7100
• Simple interest = ₹2100 (7100-5000)
• Rate = 6% p.a.

To find:

Time taken by the principal.

Formula used:

$\red{\boxed{\sf{\frac{S.I. × 100}{P × R}}}}$

Answer:

Time = $\frac{2100 \times 100}{5000 \times 6}$

Hence, the time taken by the principal is 7 years.

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