Question

on what date will rs 1950 lent on 5th January, 2011 amount to Rs 2125.50 at 5 per cent per annum simple interest.

Answer 1

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Here is your answer.

P = Rs 1950
A = Rs 2125.50
R = 5%

SI = A - P
= 2125.50 - 1950
= 175.50

AS WE KNOW THE FORMULA

TIME = SI × 100/P×R

$= \frac{175.50 \times 100}{1950 \times 5} \\ \\ = 1.8 \: years$
Therefore Time is 1.8 years
= 1 years 0.8 × 12
= 1 years 9.6 months
= 1 years 9 month 0.6×30 days
= 1 years 9 month 18 days

So Date on which interest is 22 October 2017

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Answer 2

Hi friends

Here is your answer
P = Rs 1950
SI = 2125.50 - 1950 = Rs 175.50
R = 5%

Simple interest =PRT/100
Time = SI × 100/PR

$= \frac{175.50 \times 100}{1950 \times 5} \\ = 1.8years$

On 22 October 2012

Hope it helps you

@ MSD