Question

Inverter time rupees 300 will give rupees 60 as interest at 5% per annum.​

Answer 1

Answer:

Time is 4 years

Step-by-step explanation:

Simple interest formula is given by

$SI=\frac{PTR}{100}$

here Simple interest =60 rs

Rate R=5%

Principal amount P=300

Time in years?

$60=\frac{300\times T\times 5}{100}\\T=\frac{60\times 100}{300 \times 5} \\T=4 years$