Math, asked by mrhappy241273, 11 days ago

If the simple interest accrued on ₹5000 at the rate of 5½ % per annum is ₹1100, what is the time in years?

Answers

Answered by renukamadhuriji
2

Answer:

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Answered by bhagyashreechowdhury
2

Given:

If the simple interest accrued on ₹5000 at the rate of 5½ % per annum is ₹1100, what is the time in years?

To find:

The time in years

Solution:

We know,

\boxed{\bold{Simple\:Interest = \frac{P\times R\times T}{100} }}

The sum of money, P = Rs. 5000

The simple interest, S.I. = Rs. 1100

The rate of interest, R = 5½ % p.a. = \frac{11}{2} \%\:p.a.

Let "T" be the time in years.

On substituting the given values in the above formula, we get

1100 = \frac{5000\times \frac{11}{2} \times T}{100} }}

\implies 1100 =50\times \frac{11}{2} \times T

\implies 1100 =25\times 11\times T

\implies 100 =25\times T

\implies \bold{T = 4 \:years}

Thus, the time in years is → 4 years.

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