Question

In how many years will 710 traced of rupees 140 at 5% annum simple interest​

Answer 1

Answer:

Principle amount is (P)= 700

Rate of Interest is (R) = 5 % annually

Interest occurred on principle (S.I.) = 140

Time (T) =?

Considering it is simple interest

Formula for Simple Interest is –

Simple Interest = Principle x Rate of Interest x Time/ 100

Therefore,

Time = S.I. x 100/ Principle x Rate of Interest

Time = 140 x 100/ 700 x 5

Time = 4 Yrs.

Answer 2

Step-by-step explanation:

Principle amount is (P)= 700

Rate of Interest is (R) = 5 % annually

Interest occurred on principle (S.I.) = 140

Time (T) =?

Considering it is simple interest

Formula for Simple Interest is –

Simple Interest = Principle x Rate of Interest x Time/ 100

Therefore,

Time = S.I. x 100/ Principle x Rate of Interest

Time = 140 x 100/ 700 x 5

Time = 4 Yrs.