Question

In what time will the interest on $1000 amount to $100 at 5% p.a ? plz share explanation plzz...

Answer 1

so the main price is $1000 and the interest is $100

the interest annum is 5%
imagine that the time will be t year,
so , According to the question
$\frac{(1000 \times 5 \times t)}{100} = 100 \\ or \: \: 1000 \times 5 \times t = 100 \times 100 \\ or \: \: t = \frac{(100 \times 100)}{(1000 \times 5)} \\ or \: \: t = 2 \: years$
so the time will be 2 years 【Answer】
Hope it helps...pls mark me brainliest.