Question

rs 500 will yeild rs 105 interest at 3%

Answer 1

P=500

SI=105

R=3%

SI=P*T*R/100

105=500*3*T/100

105=15T

T=105/15

T=7

So 7years

The next one in the same way answer is 5years ..

do u want procedure

Answer 2

Interest = Rs. 105
Principal = Rs. 500
Amount = Rs. (105+500) = Rs. 605
Rate = 3%
Time = ?

Interest = PRT/100
=> 105 = 500×3×T/100
=> 105 = 1500T/100
=> 105 = 15T
=> T = 105/15
=> T = 7 years.


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