Answer
452.7k+ views
Hint: Make use of the formula of simple interest and find out a formula for time period and calculate the time period from the data given.
Complete step-by-step answer:
Given Principal= Rs.3,500
Simple Interest= Rs.700
Rate of interest= 5% p.a
Time period=?
To solve this, make use of the formula of simple interest and solve this
We know that $SI = \dfrac{{PTR}}{{100}}$
So, we get time period T=$\dfrac{{SI \times 100}}{{P \times R}}$
T=$\dfrac{{700 \times 100}}{{3500 \times 5}}$
T=$\dfrac{{70000}}{{17500}} = 4$
So, we get time period T = 4years
Note: In this question, we have been asked to find out the time period, in case we have been asked to find out some other quantity, modify the formula accordingly and find out the required value.
Complete step-by-step answer:
Given Principal= Rs.3,500
Simple Interest= Rs.700
Rate of interest= 5% p.a
Time period=?
To solve this, make use of the formula of simple interest and solve this
We know that $SI = \dfrac{{PTR}}{{100}}$
So, we get time period T=$\dfrac{{SI \times 100}}{{P \times R}}$
T=$\dfrac{{700 \times 100}}{{3500 \times 5}}$
T=$\dfrac{{70000}}{{17500}} = 4$
So, we get time period T = 4years
Note: In this question, we have been asked to find out the time period, in case we have been asked to find out some other quantity, modify the formula accordingly and find out the required value.
Recently Updated Pages
How many sigma and pi bonds are present in HCequiv class 11 chemistry CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Why Are Noble Gases NonReactive class 11 chemistry CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Let X and Y be the sets of all positive divisors of class 11 maths CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Let x and y be 2 real numbers which satisfy the equations class 11 maths CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Let x 4log 2sqrt 9k 1 + 7 and y dfrac132log 2sqrt5 class 11 maths CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Let x22ax+b20 and x22bx+a20 be two equations Then the class 11 maths CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Trending doubts
Fill the blanks with the suitable prepositions 1 The class 9 english CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
At which age domestication of animals started A Neolithic class 11 social science CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Which are the Top 10 Largest Countries of the World?
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Give 10 examples for herbs , shrubs , climbers , creepers
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Difference between Prokaryotic cell and Eukaryotic class 11 biology CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Difference Between Plant Cell and Animal Cell
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Write a letter to the principal requesting him to grant class 10 english CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Change the following sentences into negative and interrogative class 10 english CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)
Fill in the blanks A 1 lakh ten thousand B 1 million class 9 maths CBSE
![arrow-right](/cdn/images/seo-templates/arrow-right.png)