Question

· In how many years interest on 3,000 at 5% per
annum be 600 ?



with explanations​

Answer 1

Answer:

4 years

Step-by-step explanation:

3,000 at 5%

> $3000 x 5/100 = $150

> 600 ÷ 150 = 4 years

Answer 2

Answer:

p= rs3000

r=5%

s.i=rs600

time= ?

s.i=p×r×t/100

600=3000×t/5/100

600=150t

t=600/150

t=4

time =4 years

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