simple interest is equal to 500 rupees find the year for which simple interest would be 500 Rupees at the end of 2 years at the rate of 5% per annum
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simple interest is equal to 500 rupees find the year for which simple interest would be 500 Rupees at the end of 2 years at the rate of 5% per annum
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Answer:
4 years
Step-by-step explanation:
Principal = Rs 500
Interest = Rs 100
Rate = 5%
Interest = P×R×T÷100
100=500×5×T÷100
T=4 years.