Question

In how much time,will $1150 yields $230 as simple interest at 5 per cent annum

Answer 1

Step-by-step explanation:

Given In how much time,will $1150 yields $230 as simple interest at 5 per cent per annum

• Now we have Simple Interest S.I = Principal x Rate x Time / 100
•                                                        = P x R x T / 100
•                                              230 = 1150 x 5 x T / 100
•                                                230 = 115 x T / 2
•                                                 460 = 115 T
•                                                  115 T = 460
•                                                       T = 460 / 115
•                                                        T = 4 yrs.
• So the time taken will be 4 years.

Reference link will be

https://brainly.in/question/5641325