Question

In what time the simple interest accrued on a sum of 35000 at the rate of 13% per annum becomes 27300?​

Answer 1

Answer:

6 years

Step-by-step explanation:

Simple Interest = 27300 /-

Principle amount = 35000/-

Rate of Interest = 13%

Time = ?

Time = I x 100 / P x R

= 23700 x 100 / 35000 x 13

= 2370000 / 455000

= 6

∴ Time = 6 years

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Answer 2

Answer:

Given,

Principal amount= 35000/-.

Interest rate= 13%.

To Find,

The period in which the simple interest on the principal amount will be 27300/-.

Solution,

We can simply find the period by using the simple interest formula,

I= PRT/100.

I= interest.

P= principal amount.

R= rate of interest.

T= period.

Putting the values, we get.

27300 = 35000 × 13 × T/ 100.

By solving the equation, we get.

T= 6.

Hence, The period in which the simple interest on the principal amount will be 27300/- is 6 years.