Question

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

Answer 1

Answer:

4 yrs

Step-by-step explanation:

SI =Amount - Principle

600-500

=100

Now,

Time = SI *100/ P *r

=100*100/500*5

=4

Answer 2

Answer:

The time will be 4 years.

Step-by-step explanation:

In context to the question asked,

We have to find the simple interest,

As per data given in the question,

We have,

Principal ( P ) = Rs. $500$

Rate of interest ( R ) = $5$%

Amount ( A ) = Rs. $600$

First, we have to calculate interest,

For that, the formula to be used:

=> Interest = $A - P$

                  = $600 - 500$

                  = $100$

Now, for calculating the time:

The formula to be used:

$=> T = \frac{100\times I }{P \times R}$

Substituting the given values,

$=> T = \frac{100\times 100}{500\times 5}$

$=> T = \frac{10000}{2500}$

$=> T= 4 years$

Hence, the required time is 4 years.