Question

If a amount =10000 ,P=1000, R= 2% then N =?​

Answer 1

Answer:-

500 years

Step-by-step explanation:

Given:-

• If a amount =10000 ,P=1000, R= 2%

To find:-

• We have to find the time in which principal amount 1000 at 2% rate will give us amount 10000.

Formula used♠:-

$\large\boxed{\bf{ \frac{p \times r \times t}{100} = \binom{simple}{interest} }}$

Where:-♠

• p = Principal(amount which was taken or submitted)
• r = Rate
• t=time period
• Simple Interest=The interest which would be obtained.

According to information in the question it is given as

• p=1000
• r=2%
• SI=10000
• Time=n

Let the time be" t "years.

Simple interest=10000

Solution:-

$\large\underline{\sf{ \frac{p \times r \times t}{100} = \binom{simple}{interest} }}$

On substituting values we get:-

$\large\boxed{\bf{ \frac{1000 \times 2 \times t}{100} = 10000}}$

$\large\boxed{\bf{10 \times 2 \times t = 10000}}$

$\large\underline{\bf{ \implies t = \frac{10000}{10 \times 2} }}$

$\large\underline{\bf{ \implies t = 500 \: years}}$

$\large\red{\sf{ \therefore 500 \: years \: is \: the \: time \: period \: in \: which}}$

$\large\red{\sf{1000 \: will \: amount \: to \: 10000 \: as \: }}$

$\large\red{\sf{Simple \: interest \: at \: 2\% \: rate.}}$

___________________

♣♣♣♣♣♣♣♣♣♣♣♣♣

♠♠♠♠♠♠♠♠♠♠♠♠♠