Question

Interest obtained on a sum of Rs. 5000 at 10% p.a is Rs. 1500.Find the number of years


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Answer 1

$s.i = \frac{p \times r \times t}{100} \\ = > 1500 = \frac{5000 \times 10 \times t}{100} \\ = > t = \frac{1500 \times 100}{5000 \times 10} \\ = > t = 3 \: years$