Question

IN HOW MANY YEARS WILL RS.500 AMOUNT TO RS.600 AT THE RATE OF 5% PER ANNUM AT SI
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Answer 1

Answer:

We get time will be 4 years.

Answer 2

Step-by-step explanation:

Let time be t yrs

Amount =₹ 600

Principal = ₹ 500

SI = Amount - Principal

= ₹( 600 - 500)

= ₹ 100

Rate = 5% p.a

we know that

SI =

$\frac{p \times r \times t}{100?}$

=

$\frac{500 \times 5 \times t}{100}$

= 25t

A/C

25t = 100

or, t = 100/25

or, t= 4

Time is 4 yrs.