Question

the simple interest for Rs 500 at the rate of 5% per annum is Rs 100 . The time period for the interest is ?​

Answer 1

Step-by-step explanation:

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Answer 2

Given :-

• Principal = Rs 500
• Rate = 5% p.a
• Simple Interest = Rs 100

To Find :-

• Time

Solution :-

❍ As we know that , Simple Interest is given by [ Simple Interest = Principal × Rate × Time / 100 ] . So will apply this formula to find the Time .

➞ ⠀⠀ Simple Interest = P × R × T / 100

➞ ⠀⠀ 100 = 500 × 5 × Time / 100

➞ ⠀⠀ 100 = 5 × 5 × Time

➞ ⠀⠀ 100 = 25 × Time

➞ ⠀⠀ 100 / 25 = Time

➞ ⠀⠀ 4 years = Time

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Verification :-

⟼ ⠀⠀ Simple Interest = P × R × T / 100

⟼ ⠀⠀ Simple Interest = 500 × 5 × 4 / 100

⟼ ⠀⠀ Simple Interest = 5 × 5 × 4

⟼ ⠀⠀ Simple Interest = 5 × 20

⟼ ⠀⠀ ⠀⠀ ⠀⠀ ⠀ ⠀100 = 100

Hence Verified

Thus, Time = 4 years

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