Question

ihow much time will intrest ₹5000at 4%per annum become ₹1000​

Answer 1

Time taken is 5 years

Given:- Principal = Rs.5000

Rate = 4%

Simple Interest = Rs.1000

To find:- Time taken

Formula used:-  Simple Interest (S .I)= $\frac{P * R * T}{100}$

where P is principal

R is rate and T is time taken

Solution:-

P = Rs.5000

R = 4%

S.I = Rs. 1000

S .I= $\frac{P * R * T}{100}$

S.I = $\frac{5000 * 4 * T}{100}$

1000= 200 * T

T = $\frac{1000}{200}$

T = 5 years

So, time taken is 5 years