In how many years the sum of rupees 800 at 5% per annum simple interest will amount to rupees 1000?
In how many years the sum of rupees 800 at 5% per annum simple interest will amount to rupees 1000?
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Answer:
5 years
Step-by-step explanation:
Principal = 800 rupees
Rate = 5%
Time = T
SI = 1000-800= 200
SI = P*T*R/100
SI = 800*T*5/100
200= 40T
T= 200/40
T= 5
Therefore it will amount to rupees 1000 in 5 years.
Question :
In how many years the sum of rupees 800 at 5% per annum simple interest will amount to rupees 1000?
Answer :
Explanation :
Here , We first need to find the SI that is the simple interest .
Therefore the simple interest is Rs 200 .