In how many years does a sum of Rs. 5000 yield a simple interest of Rs. 16500
at 15% p.a.?
A. 22
B. 24
C. 25
D. 23
Answers
Answered by
33
Given, Simple interest = 16500
Principal = 5000
Rate = 15%
Time = ?
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Simple Interest (SI) p.r.t/100
5000 x 15 x t /100 = 16500
750 x t = 16500
t = 16500/750
t = 22
Hence it will take 22 years time for 5000 to become 16500.
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Answered by
2
Answer:
A. 22
Step-by-step explanation:
Simple Interest = ₹16500
Interest rate = 15%
principal = ₹5000
S.I. = prt/100
16500 = 5000 * 15 * t / 100
t = 22
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