Question

Simple interest of ₹ 1000 at 15 % for ________
years is 300.
​

Answer 1

Answer:

$300 = \frac{1000 \times 15 \times x}{100} \\ \\ \\ 300 = 150x \\ \\ \\ x = 2$

2 Years is the answer.

Answer 2

QUESTION:–

Simple interest of ₹1000 at 15% for _______ years is ₹300.

SOLUTION:–

Let the time be t years

Principal= ₹ 1000

Rate of interest= 15% pa

Simple Interest= ₹300

$si = \frac{p \times r \times t}{100} \\ \\ \\ 300 = \frac{1000 \times 15 \times t}{100} \\ \\ \\ t = \frac{300}{150} \\ \\ \\ t = 2 \: years$

Simple interest of ₹1000 at 15% for 2 years is ₹300.

Points to Remember:

• Use correct formula
• Do correct calculations
• Verify the answer, if required.