Question

In how many years the simple interest on ₹2000 is less than the simple interest on ₹33000 at 5% by ₹50?

[Irrelevant answers will be reported]​

Answer 1

0.0322580

Explanation:

Simple interest : principal * rate * time

(simple interest on 33000) - (Simple interest on 2000) = 50

Let Time = t

2000 * 0.05 * t = 100t

(33000 * 0.05 * t) = 1650t

1650t - 100t = 50

1550t = 50

t = 50 / 1550

t = 0.0322580