15. In how many years will a sum of 2,000 amount to
2.315 at 4
per annum ?
Answers
Answered by
1
Answer:
The no. of years is 3.9375=4
Step-by-step explanation:
Assumption: Let the no. of years be x .
Interest = Rs.2315 - Rs.2000
= Rs.315
I = ( P×R×T )\100
=> 315= {2000×(4)×x}\100
=> 315= 8000x\100
=> 315 = 80x
=> 315 \80=x
=> 3.9375 or 4 = x
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