Question

In What time Will $200 amount to $270 at the rate of 5% p.a. simple interest

Answer 1

Answer:

$7 \: years$

Step-by-step explanation:

$principle = 200 \\ rate \: of \: interest = 5\%p.a. \\ amount = 270\\ amount = principle + simple \: interest \\ 270 = 200 + \frac{200 \times 5 \times time}{100} \\ 7000 = 1000 \times time \\ time = 7years$

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Answer 2

Answer:

7 years

Step-by-step explanation:

• Initial amount= $200
• Interest rate= 5% PA simple
• Final amount= $270

• Time=?

==============

• 200+200*(5/100)*x=270
• x= (270-200)/10
• x=7

Answer: in 7 years $200 will amount to $270