Question

The what time will Rs 500 give Rs 50 as interest at the rate of 5% per annum simple interest?

Answer 1

Answer:

2 yrs

Step-by-step explanation:

i hope you understand

Answer 2

It will take 2 years.

Explanation:

We know that the formula to find the simple interest is given by :-

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

, where P= principal amount

R = rate of interest

T=time

As per given , we have

P= Rs 500

I = Rs 50

r= 5% per annum

Substitute all the values in the above formula , we will get

$50=\dfrac{500 \times 5\times T}{100}$

$\Rightarrow\ 50=25\times T\\\\\Rightarrow\ T=\dfrac{50}{25}=2$

Hence, it will take 2 years.

# Learn more :

Calculate simple interest on ₹10000 at 20% for 5 years.

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