Question

In what time period will rs. 10,000 earn an interest of rs. 2,000 at 10 % p.A.?

Answer 1

Answer:

2yrs

Step-by-step explanation:

one year interest is calculated as 10000*10/100=1000 so for 2000 as interest it will take 2 yrs

mark me as brainliest and follow me

Answer 2

Given - Principal - Rs. 10,000

Interest - Rs. 2000

Rate of interest - 10% per annum

Find - Time period

Solution - The formula relating given variables is mentioned as follows -

S.I. = PRT/100. In the formula, S.I. represents simple interest, p represents principal amount, r represents rate of interest and t represents time period .

Keeping the values in formula to find the time period.

Time period = 2000*100/(10,000*10)

Performing multiplication and division to get the value of time period.

Time period = 2

Thus, time period is 2 years.