Question

How many years,a sum of Rs.500 at annum will amount to Rs.600?

Answer 1

Answer:

4 years

Step-by-step explanation:

Given that,

Principle=Rs.500

Rate of interest=3%

AmountRs.600

Simple interest =amount -principal

=600−500=Rs.100

S.I=

100

p×r×t

100=

100

500×5×t

t=

500×5

100×100

25

100

=t

t=4

Then,

We get time will be 4 years.

Answer 2

answer is 1 year

step be steps

P=500

A=600

SI=A-P=100

rate =100*100/500*1

because the time is at annum

now!!!!!

Time=100*100/500/20

=1year time

hope it's helpful