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How much time will it take for an amount...

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

A

3.5 years

B

4 years

C

4.5 years

D

5 years

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AI Generated Solution

The correct Answer is:
To solve the problem of how much time it will take for an amount of Rs. 450 to yield Rs. 81 as interest at a rate of 4.5% per annum using simple interest, we can follow these steps: ### Step 1: Understand the formula for Simple Interest The formula for calculating time (T) in simple interest is given by: \[ T = \frac{100 \times I}{P \times R} \] Where: - \( I \) = Interest earned - \( P \) = Principal amount (initial amount) - \( R \) = Rate of interest per annum ### Step 2: Identify the values from the question From the question, we have: - Principal \( P = 450 \) Rs - Interest \( I = 81 \) Rs - Rate of interest \( R = 4.5\% \) ### Step 3: Substitute the values into the formula Now, we can substitute the values into the formula: \[ T = \frac{100 \times 81}{450 \times 4.5} \] ### Step 4: Calculate the denominator First, calculate \( 450 \times 4.5 \): \[ 450 \times 4.5 = 2025 \] ### Step 5: Substitute back into the formula Now substitute back into the formula: \[ T = \frac{100 \times 81}{2025} \] ### Step 6: Calculate the numerator Calculate \( 100 \times 81 \): \[ 100 \times 81 = 8100 \] ### Step 7: Divide the numerator by the denominator Now divide \( 8100 \) by \( 2025 \): \[ T = \frac{8100}{2025} \] ### Step 8: Simplify the fraction To simplify \( \frac{8100}{2025} \), we can divide both the numerator and the denominator by 2025: \[ T = 4 \] ### Final Answer Thus, the time it will take for Rs. 450 to yield Rs. 81 as interest at 4.5% per annum is **4 years**. ---
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MAHENDRA-SIMPLE INTEREST & COMPOUND INTEREST-EXERCISE
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