The time in which the principal amount of $$ 500$ dollars lent at a rate of $7.5$ per annum earns an interest of $$ 150$ dollars is years.

Open in App

Solution

Given: Principal amount $(P) = $ 500$
Rate of interest $(R) = 7.5 %$
Simple Interst $(S I) = $ 150$
Time $(T) = ?$
We know: $S I = \frac{P \times R \times T}{100}$

$\Rightarrow 150 = \frac{500 \times 7.5 \times T}{100}$

$\Rightarrow T = \frac{150 \times 100}{500 \times 7.5} = 4$ years

Suggest Corrections

Similar questions

Q. The time in which the principal amount of

$ 500

dollars lent at a rate of

7.5

per annum earns an interest of

$ 150

dollars is years.

Q. Sam borrowed $ 500 from a bank at 9 % per annum for 2 years. Then he lent this sum to Rockey at 10 % per annum for the same period. Sam gained(in dollars) from this transaction.

Q. A man earns an interest of ₹510 on a sum he lent at 17% per annum for two years. Had he earned 10% more interest on the same amount in same time , what should be the rate of interest?

Find the simple interest, when:
(i) Principal $= R s .2000$ , Rate of Interest $= 5 %$ per annum and Time $= 5$ years.
(ii) Principal $= R s .500$ , Rate of Interest $= 12.5 %$ per annum and Time $= 4$ years.
(iii) Principal $= R s .4500$ , Rate of Interest $= 4 %$ per annum and Time $= 6$ months.
(iv) Principal $= R s .12000$ , Rate of Interest $= 18 %$ per annum and Time $= 4$ months.
(v) Principal $= R s .1000$ , Rate of Interest $= 10 %$ per annum and Time $= 73$ days.

Q. If

600

dollars is deposited in a bank account for

4

years at

8

% per annum . Calculate interest using compound interest formula.

Join BYJU'S Learning Program

The time in which the principal amount of $500 dollars lent at a rate of 7.5 per annum earns an interest of $150 dollars is years.

Given: Principal amount (P)=$ 500 Rate of interest (R)=7.5% Simple Interst (SI)=$150 Time (T)=? We know: SI=P×R×T100 ⇒150=500×7.5×T100 ⇒T=150×100500×7.5=4 years

The time in which the principal amount of $$ 500$ dollars lent at a rate of $7.5$ per annum earns an interest of $$ 150$ dollars is years.

Given: Principal amount $(P) = $ 500$
Rate of interest $(R) = 7.5 %$
Simple Interst $(S I) = $ 150$
Time $(T) = ?$
We know: $S I = \frac{P \times R \times T}{100}$

$\Rightarrow 150 = \frac{500 \times 7.5 \times T}{100}$

$\Rightarrow T = \frac{150 \times 100}{500 \times 7.5} = 4$ years