Question

Find the time.
Principal=$Rs3500$
SI=$Rs700$
Rate p.a=$5\%$
Time =?

Answer 1

Given that,

$P=3500$

$S.I=700$

$Rate=5$%

We know that,

Simple interst$=\frac{p\times r\times t}{100}$

$\begin{array}{c}700=\frac{3500\times 5\times t}{100}\\ t=\frac{700\times 100}{3500\times 5}\\ =\frac{70000}{17500}\end{array}$

$=4$

Hence,

We get $t=4$ years