Question

₹14000 is invested at 4%per annum simple interest. How long will it take for the amount to reach ₹16240

Answer 1

P=14000Rs
A=16240Rs
S.I=A-P
=16240-14000
=2240Rs

N=S.I*100/P*R
=2240*100/14000*4
=224000/56000
=4 Years

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