Question

you deposit ₹5000 in an account earning 7.5% simple interest . how long will take for the balance of the account to be 6500

Answer 1

Hi ,

Principal ( P ) = Rs 5000

Simple interest ( I ) = ?

Rate of interest ( R ) = 7.5 %

Amount ( A ) = Rs 6500

Time = T years

I = A - P

= 6500 - 5000

= RS 1500

PTR / 100 = I

T = ( 100 × I ) / PR

T = ( 100 × 1500 ) /( 5000 × 7.5 )

= ( 100 × 1500 × 10 ) / ( 5000 × 75 )

= 4

Therefore ,

Time = T = 4 years

I hope this helps you.

:)

Answer 2

Answer:

4 years

Step-by-step explanation:

Principal ( P ) = Rs 5000

Simple interest ( I ) = ?

Rate of interest ( R ) = 7.5 %

Amount ( A ) = Rs 6500

Time = T years

I = A - P

= 6500 - 5000

= RS 1500

PTR / 100 = I

T = ( 100 × I ) / PR

T = ( 100 × 1500 ) /( 5000 × 7.5 )

= ( 100 × 1500 × 10 ) / ( 5000 × 75 )

= 4

Therefore ,

Time = T = 4 years