In how many years will rupees 500 amounts to rupees 600 at the rate of 5% per annum at simple interest ? *
Answers
Answered by
3
Answer:
4 years
Step-by-step explanation:
Given that,
Principle=Rs.500
Rate of interest=3%
Amount Rs.600
Simple interest =amount -principal
=600−500=Rs.100
S.I=100p×r×t100=100500×5×tt=500×5100×100
25100=t
t=4
Then,
We get time will be 4 years.
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Answer:
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Step-by-step explanation:
In how much time will Rs 500 amount to Rs 600 at 5% per annum.
Given that,
Principle=Rs.500
Rate of interest=5%
AmountRs.600
Simple interest =amount -principal
=600−500
=Rs.100
S.I= P×R×T / 100
100= 500×5×t / 100
t= 100×100 / 500×5
100 / 25 = t
t = 4
Hence,time will be 4 years.
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