Vijay invested rs.10,000 at the rate of 5% sinple interest per annum .he received rs.11,000after some years.find the number of years
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Answered by
2
Answer:
Step-by-step explanation:
100%=10000
5%=___
=5×10000÷100
=500 per month
1month=500
12month=____
=12×500
=6000
So how many return extra
=11000-10000
=1000
1month =500
___month=1000
=1000/500
=2month
Answered by
10
The number of years is 2
Step-by-step explanation:
Principal = Rs.10,000
Amount = rs.11000
Interest = Amount - Principal
Interest = Rs.11000-Rs.10000
Interest = Rs.1000
Rate of interest = 5%
:
Hence the number of years is 2
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Lokesh invested rs 10,000 in a bank the pays an interest 10% per annum. He withdraws the amount after 2 years and 3 months. Find the interest, he receives
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