Question

in how many years will rs 1000 amount to 1300@10% p.a

Answer 1

Answer:

3 years

Step-by-step explanation:

Principal amount = 1000

Rate of interest = 10%

Amount = 1300

Time = T

Simple interest = amount - principal amount

Simple interest = 1300 - 1000

Simple interest = 300 rupees

Simple interest = Principal amount × Rate of interest × Time / 100

300 = 1000 × 10 × T / 100

300 = 100T

T = 300/100

T = 3 years

1000 will amount to 1300 in 3 years at 10% per annum

Answer 2

Answer:

Step-by-step explanation: