solve the following word problem
(C) Find the time when:
(i) Principal = 150, simple interest = 3450 and rate of interest = 5% p.a.
(ii) Principal = 2000, simple interest = 600 and rate of interest = 3% p.a.
this is the question of subject Math chapter name commercial math
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Answer:
i) T = 460 years
ii) T = 10 years
Step-by-step explanation:
(i) Principal = 150, simple interest = 3450 and rate of interest = 5% p.a.
S.I. = (P*R*T)/100
3450 = 150 x 5 x T / 100
T = 460 years
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(ii) Principal = 2000, simple interest = 600 and rate of interest = 3% p.a.
S.I. = (P*R*T)/100
600 = 2000 x 3 x T / 100
T = 10 years
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