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In what time will Rs. 500 give Rs. 50 as interest at the rate of 5% per annum simple interest?
- a)2 years
- b)3 years
- c)4 years
- d)5 years
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
In what time will Rs. 500 give Rs. 50 as interest at the rate of 5% pe...
SI = 50
P = 500
R = 5% pa.
SI = P x R x T/100
⇒ 50 = 50 x 5 x T/100
⇒ T = 2 years
P = 500
R = 5% pa.
SI = P x R x T/100
⇒ 50 = 50 x 5 x T/100
⇒ T = 2 years
Most Upvoted Answer
In what time will Rs. 500 give Rs. 50 as interest at the rate of 5% pe...
Problem: In what time will Rs. 500 give Rs. 50 as interest at the rate of 5% per annum simple interest?
Solution:
To find the time it takes for Rs. 500 to accumulate Rs. 50 as interest at a rate of 5% per annum, we can use the formula for simple interest:
Simple Interest (SI) = (Principal * Rate * Time) / 100
Given:
Principal (P) = Rs. 500
Rate of interest (R) = 5%
Simple Interest (SI) = Rs. 50
Let's plug in the values into the formula and solve for Time (T):
50 = (500 * 5 * T) / 100
To eliminate the fraction, we can cross multiply:
50 * 100 = 500 * 5 * T
5000 = 2500T
Now, isolate T by dividing both sides of the equation by 2500:
T = 5000 / 2500
T = 2
Therefore, it will take 2 years for Rs. 500 to accumulate Rs. 50 as interest at a rate of 5% per annum simple interest.
Hence, the correct answer is option A) 2 years.
Solution:
To find the time it takes for Rs. 500 to accumulate Rs. 50 as interest at a rate of 5% per annum, we can use the formula for simple interest:
Simple Interest (SI) = (Principal * Rate * Time) / 100
Given:
Principal (P) = Rs. 500
Rate of interest (R) = 5%
Simple Interest (SI) = Rs. 50
Let's plug in the values into the formula and solve for Time (T):
50 = (500 * 5 * T) / 100
To eliminate the fraction, we can cross multiply:
50 * 100 = 500 * 5 * T
5000 = 2500T
Now, isolate T by dividing both sides of the equation by 2500:
T = 5000 / 2500
T = 2
Therefore, it will take 2 years for Rs. 500 to accumulate Rs. 50 as interest at a rate of 5% per annum simple interest.
Hence, the correct answer is option A) 2 years.
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In what time will Rs. 500 give Rs. 50 as interest at the rate of 5% per annum simple interest?a)2 yearsb)3 yearsc)4 yearsd)5 yearsCorrect answer is option 'A'. Can you explain this answer?
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