Question

In what time simple interest on Rs 500 at the rate 3% per annum is same as the simple interest on Rs 900 for two years at the rate 5% per annum?



Please.. solve it in detail..... ​

Answer 1

6 yrs

Step-by-step explanation:

basic formula of S.I is being used here .

i.e. S.I = P × R × T /100

s.i1 = s.i2

(500 × 3 × T)/100 = (900 × 5 × 2)/100

15T = 90 => T = 6 yrs