Question

47. In how many years will the interest on 3 25,000 at 10 p.c.p.a.
be equal to the principal?
(2) 12 years
(1) 10 years
(3) 15 years
(4) 5 years​

Answer 1

Answer:

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Answer 2

Answer

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Given, Principal(P)= Rs 6000

Rate of interest (R)=10%

Time=1 year

Interest =

100

P×R×T

=

100

6000×10×1

= Rs 600