SI on rs 5000 at 10percent for a certain period is rs 500 less then the interest on rs 6000 at 10 percent p. A for the same period of time . Find time

The time period was of 5 years.

Step-by-step explanation:

The formula to compute the simple interest is:

The information provided is as follows:

The time period is same for both the amounts.

Compute the time t as follows:

Thus, the time period was of 5 years.