In how many years will Rs.950 produce Rs.399 as simple interest at 7%
Answers
Step-by-step explanation:
Given:
The sum of money = ₹ 950
Simple Interest = ₹ 399
The rate of interest = 7%
To find:
No. of years
Solution:
To solve the given problem, we will use the following formula:
\boxed{\bold{S.I. = \frac{P\times T\times R}{100} }}
S.I.=
100
P×T×R
where
"P" = Sum of money (in rupees)
"T" = Time period (in years)
"R" = Rate of interest (in %)
Now, we will substitute the P = ₹ 950, R = 7% & S.I. = ₹ 399 in the above formula,
∴ 399 = \frac{950\times T \times 7}{100}399=
100
950×T×7
\implies 39900 = 950\times T \times 7⟹39900=950×T×7
\implies T = \frac{39900 }{950 \times 7}⟹T=
950×7
39900
\implies T = \frac{39900 }{6650}⟹T=
6650
39900
\implies \bold{T = 6 \:years}⟹T=6years
Thus, in 6 years will ₹ 950 produce ₹399 as simple interest at 7%.
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Answer:
6
Step-by-step explanation:
ANSWER IS IN THE PHOTO ☝
