Answer :
Answer:
Here , P = Rs. 500
R= 5%
T=?
SI= Rs. 50
or, PTR/100 = 50
or, 500*5* T = 5000
or, T = 5000/2500
or, T = 2 years
Thus in 2 years the Simple interest will be Rs. 50
Answer:
Here , P = Rs. 500
R= 5%
T=?
SI= Rs. 50
or, PTR/100 = 50
or, 500*5* T = 5000
or, T = 5000/2500
or, T = 2 years
Thus in 2 years the Simple interest will be Rs. 50