Question

1250 amounts to 1950 at 16% per annum​

Answer 1

Answer:

P=1250

A= 1950

we know, A= P+I =>I= A-P => I= 1950-1250= 700.

I= P×R×T/100=> 700= 1250×16× T/100= 700×100/ 1250×16=896.

your interest= Rs 896.