Question

in how much time will Rs. 500 amount to Rs. 600 at 5% per annum​

Answer 1

Answer:

4 years

Step-by-step explanation:

Given that,

Principle=Rs.500

Rate of interest=3%

AmountRs.600

Simple interest =amount -principal

=600−500=Rs.100

S.I=

100

p×r×t

100=

100

500×5×t

t=

500×5

100×100

25

100

=t

t=4

Then,

We get time will be 4 years.

Answer 2

Answer:

We get time will be 4 years.