Mala gave Rajiv 9000 at the rate of 5% per annum and received 90 as
interest. For how long was Mala’s money kept with Rajiv?
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Step-by-step explanation:
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Answer:
1/5 Years
Step-by-step explanation:
Principal (P)= 9000
Rate (R)= 5%
Intrest(I)= 90
To find : Time =?
Solution:
Intrest =Principal ×Rate ×Time/100
90 =( 9000x time×5)/100
90 =( 45000×time)/100
90=450×time
time =90/450
time =1 /5 Years
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