Question

The simple interest of Rs 500 at the rate 5% is Rs 100. This interest is for the time.

Answer 1

answer is 100

I=PTR

100

so, 500= 100×T×5

100

500=T×5

T = 100

THEREFORE, TIME IS 100

Answer 2

Principal = Rs 500

Interest = Rs 100

Rate = 5%

Interest,

$I = \frac{P \times R \times T}{100}$

$100 = \frac{5 \times 5 \times T}{100}$

T=4 years