Question

In how many years, will Rs.5000 amount to Rs.11,000 at the rate of 6% per annum. please tell fast

Answer 1

here are your soltion dear friend

Answer 2

$\mathrm{ \orange{answer}}$

we know that,

$\bold{simple \: interest = \frac{p \times r \times t}{100} }$

$\bold {11000 = \frac{5000 \times 6 \times t}{100}}$

$\bold{time = \frac{11000 \times 100}{5000 \times 6} }$

so,

$\bold{time =36.6666667}$

hence, 36 months

3 year's