Question

on what date will rupees 1950 length on 5th January 2011 amount to rupees 2125. 50 at 5% per annum simple interest
answer with full explanation ​

Answer 1

Given:

P = Rs.1950

A = Rs.2125.50

R = 5% p.a.

I = A-P = 2125.50 - Rs.1950

            = 175.50

Now,

T = 100 * I/PR

   = 100 * 175.50/(1950 * 5)

   = 117/65

   = 9/5 years

   = 1 (4/5) years

   = 1 * (4/5) * 365

   = 1 * 292 days

   = 1 year 292 days

∴ Required date = 23rd October 2012