Find the number of year to get rupees 1530 as interest on a loan of Ru

1.	Find the number of year to get rupees 1530 as interest on a loan of Rupees 1500 at 4% for per annum
Answer» Answer: The simple interest to the sum Rs. 15,000 for 2 YEARS at a rate of interest 5% per annum is S.I.= 100 PRT ⇒ 100 15,000×2×5 =1,500. The interest will be Rs. 1,500 and the AMOUNT at the END of 2 years. =P+I=15000+1500= Rs. 16,500

Find the number of year to get rupees 1530 as interest on a loan of Rupees 1500 at 4% for per annum

Answer»

Answer:

The simple interest to the sum Rs. 15,000 for 2 YEARS at a rate of interest 5% per annum is

S.I.=

100

PRT

⇒

100

15,000×2×5

=1,500.

The interest will be Rs. 1,500

and the AMOUNT at the END of 2 years.

=P+I=15000+1500= Rs. 16,500

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Find the number of year to get rupees 1530 as interest on a loan of Rupees 1500 at 4% for per annum​

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Find the number of year to get rupees 1530 as interest on a loan of Rupees 1500 at 4% for per annum