Question

In how many years will 500 amount to 600 at the rate of 5%per annum at simple interest​

Answer 1

Step-by-step explanation:

ANSWER

Given that,

Principle=Rs.500

Rate of interest=3%

AmountRs.600

Simple interest =amount -principal

=600−500=Rs.100

S.I=

100

p×r×t

100=

100

500×5×t

t=

500×5

100×100

25

100

=t

t=4

Then,

We get time will be 4 years.