To find Time when Principal Interest and Rate are given
To find Time when Principal Interest and Rate are given the rules are.
Interest = (Principal × Rate × Time)/100
Time = (100 × Interest)/(Principal × Rate)
Examples to find Time (T) when Principal (P), Interest (I) and Rate (R) are given:
1. Find Time when, Principal = $ 1500; Interest = $ 450; Rate = 5% p.a.
Solution:
Principal = $ 1500,
Interest = $ 450,
Rate = 5% p.a.
Time = (100 × Interest)/(Principal × Rate)
= (100 × 450)/(1500 × 5)
= 45000/7500
= 6.
Therefore, Time (T) = 6 years.
2. Find Time when, Principal = $ 2000; Interest = $ 600; Rate = 3% p.a.
Solution:
Principal = $ 2000,
Interest = $ 600,
Rate = 3% p.a.
Time = (100 × Interest)/(Principal × Rate)
= (100 × 600)/(2000 × 3)
= 60000/6000
= 10
Therefore, Time (T) = 10 years.
3. Find Time when, Principal = $ 3500; Interest = $ 700; Rate = 4% p.a.
Solution:
Principal = $ 3500,
Interest = $ 700,
Rate = 4% p.a.
Time = (100 × Interest)/(Principal × Rate)
= (100 × 700)/(3500 × 4)
= 70000/14000
= 5
Therefore, Time (T) = 5 years.
Word Problems on Simple Interest.
In Simple Interest when the Time is given in Months and Days.
To find Principal when Time Interest and Rate are given.
To find Rate when Principal Interest and Time are given .
To find Time when Principal Interest and Rate are given.
Worksheet on Factors affecting Interest
5th Grade Numbers Page
5th Grade Math Problems
From To find Time when Principal Interest and Rate are given to HOME PAGE
Didn't find what you were looking for? Or want to know more information about Math Only Math. Use this Google Search to find what you need.
Recent Articles
-
Worksheet on 10 Times Table | Printable Multiplication Table | Video
Mar 21, 25 03:46 PM
Worksheet on 10 times table can be printed out. Homeschoolers can also use these multiplication table sheets to practice at home. -
5th Grade Prime and Composite Numbers | Definitions | Examples | Math
Mar 21, 25 12:18 AM
5th grade prime and composite numbers -
14 Times Table | Read and Write Multiplication Table of 14| Video
Mar 20, 25 04:03 PM
In 14 times table we will learn how to read and write multiplication table of 14. We read fourteen times table as:One time fourteen is 14 Two times fourteen are 28 Three times fourteen are 42 -
5th Grade Test of Divisibility Rules | Divisibility Rules From 2 to 12
Mar 20, 25 04:00 PM
In 5th grade test of divisibility rules we will learn about the exact divisibility of a number by the numbers from 2 to 12. The digit in the ones place should be 2, 4, 6, 8 or 0. -
5th Grade Even and Odd Numbers | Definitions | Examples
Mar 20, 25 02:45 AM
Numbers which are exactly divisible by 2 are even numbers. For example. 2,4,6,8,20,48,88, etc. are even numbers. They are multiples of 2. Numbers which are not exactly divisible by 2 are odd numbers…
New! Comments
Have your say about what you just read! Leave me a comment in the box below. Ask a Question or Answer a Question.