Question

In how much time will rupees 500 amounts to rupees 600 at 5% per annum?​

Answer 1

Answer:

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.

Step-by-step explanation:

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Answer 2

Answer:

Given that,

Principle=Rs.500

Rate of interest=3%

AmountRs.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.