Question

In how much time will Rs.500amount to Rs.600 at 5% per annum
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Answer 1

Answer:1 month is your answer

Step-by-step explanation:

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Answer 2

Answer:

4 years

Step-by-step explanation:

Given that :

principle=Rs.500

Rate of interest=5%

Amount=Rs. 600

simple interest= amount - principle

simple interest=600-500

simple interest=Rs.100

S.I =P×R×T÷100

100 = 500×5×T÷ 100

100 =2500×T ÷ 100

100 =25×T

T=100÷25

T= 4 years

then,

We get time will be 4 years.