Question

In how many years the simple interest on 2000 is less than the simple interest on 33000 at 5% by +50?
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Answer 1

@itzsnowangle

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Answer 2

Answer:

1 year is the answer

Step-by-step explanation:

Let the time period be = T

We know that Simple Interest is given by :

$</p><p>Interest = \frac{P \times R \times T}{100}$

Let us find the simple interest for Rs. 2000

GIVEN,

Principal = Rs. 2000

Rate of interest = 5%

$= Interest( \frac{2000 \times5 \times T}{100} )$

$Interest = 100T$

Now, let us find the simple interest for Rs. 3000

$Interest = \frac{P \times R \times T}{100}$

$Interest = ( \frac{3000 \times 5 \ \times T }{100})$

$Interest = 150 T$

GIVEN the simple interest on Rs. 2000 is Rs. 50 less then simple interest Rs. 3000

Simple Interest on Rs. 3000 - simple interest on Rs. 2000 = Rs. 50

⇛ 150T - 100T = 50

⇛ 50T = 50

⇛ T = 50 - 50

⇛ T = 1

So, the time period is 1 year