Question

In how many years will 1 lac become * 1.5 lac on simple interest at 5% p.a.?​

Answer 1

Answer:

P=1,00,000

A=1,50,000

R=5%

I=?

T=?

I=A-P

=1,50,000-1,00,000

=50,000

T=100×I/P×R

=100×50,000/1,00,000×5

=10years.

Answer 2

Step-by-step explanation:

P=100000

A=150000

R=5%

T=?

I=?

I=A-P

I =150000-100000

I=50000

T=100×I/ P×R

T=100×50000/100000×5

T=10 years

or 10×12=120 months