Saved Bookmarks
| 1. |
In what time will Rs 9,500 amount to Rs 10,070 at 3 % per annum simple interest?1. 2 years2. 3 years3. 5 years4. 1 year5. 6 years |
|
Answer» Correct Answer - Option 1 : 2 years Given: Principal = Rs. 9500 Amount = Rs 10,070 Rate = 3 % per annum Formula used: S.I = ( P × R × T)/100 Calculation: S.I = Amount – Principal ⇒ 10,070 – 9,500 ⇒ Rs. 570 570 = (9500 × 3 × T)/100 ⇒ (570 × 100)/(9500 × 3) = T ⇒ T = 2 years ∴ The required time is 2 years |
|