Question

in how many years will be the simple interest will be rupees 300 if rupees 500 is lent out at the rate of 5% per annum​

Answer 1

Answer:

first we know that simple interest of of the principle is- principal x rate of interest x time full divided by hundred

p x t x r /100

500 x t x 5 /100 =300

2500t/100=300

25t=300

t=300/25

t=12