Question

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

Answer 1

Time = 4 year

Step-by-step explanation:

GIVEN

Amount = ₹600

Principal = ₹500

Rate = 5%

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TO FIND

Time

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We know that,

Simple Interest = ( Principal × Rate × Time ) / 100

Amount = Principal + Simple Interest

Principal = Amount - Simple Interest

Simple Interest = Amount - Principal

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We know that,

Simple Interest = Amount - Principal

Simple Interest = 600 - 500

Simple Interest = 100

Simple Interest = ₹100

___________________________

We know that,

Simple Interest = ( Principal × Rate × Time ) / 100

100 = ( 500 × 5 × Time ) / 100

Time = ( 100 × 100 ) / ( 500 × 5 )

Time = 10000 / 2500

Time = 4

Time = 4 year

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Let's check

We know that,

Simple Interest = ( Principal × Rate × Time ) / 100

Simple Interest = ( 500 × 5 × 4 ) / 100

Simple Interest = 10000 / 100

Simple Interest = 100

Simple Interest = ₹100

Answer 2

Answer:

answers =rs100

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