Question

In how much time , will ₹1150 yield ₹ 230 as simple interest at 5% per annum​

Answer 1

Answer:

4 years

Step-by-step explanation:

Let the Time be T.

Simple Interest (SI) = ₹230

Principal (P) = ₹1150

Rate (R) = 5%

SI = PRT/100

=> 230 = 1150 × 5 × T/100

=> 23 × 100/575 = T

=> T = 4 years