In how many years does a sum of Rs. 5000 yield a simple interest of Rs. 16500 at 15% p.a.?

In how many years does a sum of Rs. 5000 yield a simple interest of Rs. 16500 at 15% p.a.?

Ques:- In how many years does a sum of Rs. 5000 yield a simple interest of Rs. 16500 at 15% p.a.?
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One Answer on this Question

  1. Given:
    Principle Amount(P):₹5000
    S.I:₹16500
    Rate of Interest(R):15%
    Find:T
    SI=P*T*R/100
    T=SI*100/P*R
    T=16500*100/5000*15
    T=22 YEARS

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