Question

in how many years a sum of Rs. 50000 will amount to Rs. 60000 at 10% simple interest ?​

Answer 1

Answer:

2 years

Step-by-step explanation:

Principal = 50000 RS

amount = 60000 RS

rate = 10 %

to find out = time

=> let us consider that the time is - X years

=> so

S.I = p×r×t/100

here Si= amount - principal

=> 10000 RS

=> 10000 = 50000×10×X/100

=> 10000 = 5000 ×X

=> X = 2 years