. In how many years, a sum of Rs. 500 at 5%
per annum amount to Rs. 600?
(A) 3 years
(C) 5 years
(B) 4 years
(D) 6 years
Answers
Answered by
5
Answer:
6 years per annum amount of 600
Answered by
2
Answer:
(B) 4 years
Step-by-step explanation:
PRINCIPAL = ₹500
RATE OF INTEREST = 5% per annum
AMOUNT = ₹600
=> SIMPLE INTEREST = AMOUNT - PRINCIPAL = ₹600-₹500 = ₹100
TIME (T) = I×100
P×R
= 100×100
500×5
= 4 yrs
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