Multiple choice

In how many years will a sum of Rs. 5,000 yield a simple interest of Rs. 2,000 at an interest rate of 10% p.a.?

  1. 5 years

  2. 3 years

  3. 6 years

  4. 4 years
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

SI = P*R*T/100. 2000 = 5000 * 10 * T / 100. 2000 = 500 * T. T = 4 years.

AI explanation

The simple interest formula is SI = (P multiplied by R multiplied by T) divided by 100. Substituting the given values gives 2000 = (5000 multiplied by 10 multiplied by T) divided by 100. This simplifies to 2000 = 500T. Solving for T gives a time of 4 years.

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