How much time it will take for an amount of Rs.4000 to yield RS.450 as interest at 5% per annum of simple interest?
Question
Solution 1
To calculate the time it will take for an amount of Rs.4000 to yield Rs.450 as interest at 5% per annum of simple interest, you can use the formula for simple interest:
I = PRT/100
Where: I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time in years
In thi Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
How much time it will take for an amount of Rs.4000 to yield RS.450 as interest at 5% per annum of simple interest?
How much time it will take for an amount of Rs.4000 to yield RS.450 as interest at 5% per annum of simple interest?2.25years3years2years3.5years
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
What is the difference between the compound interest and simple interest on Rs. 4000 for 2 years at the rate of 5% per annum?OptionsRs. 20Rs. 10Rs. 8Rs. 12
Find the rate of interest per annum if the simple interest on Rs. 7500 for 2 years is Rs. 1500. Options 5% 8% 7% 10%