Question

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

Answer 1

Answer: 4 Years

Step-by-step explanation:

Principal = Rs 500

Interest = Rs 100

Rate =  5%

Interest, I =  

100

P×R×T

​  

 

100=  

100

500×5×T

​  

 

T=4 years.

Answer 2

Given:-

• Simple Interest = Rs.100
• Principal = Rs.500
• Rate = 5% per annuam

To Find:-

• Time period

Formula Used:-

• S.I. = ( p × r × t ) ÷ 100

Here,

▪︎S.I. = Simple Interest

▪︎r = Rate

▪︎p = Principal

▪︎t = Time period

Solution:-

Let the principal be x

According to given conditions;

S.I. = ( p × r × t ) ÷ 100

➟ 100 = ( 500 × 5 × t ) ÷ 100

➟ 100 × 100 = 2500 × t

➟ 10000 = 2500 × t

➟ 10000 ÷ 2500 = t

➟ t = 4

∴ t = Time = 4years

Answer:-

Time Period is 4 years.

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