5) Rahul invested 70,000 in a bank @ of 6.5% p.a. S.I. .He received 85,925 after the end of the term. find out the period for which sum was invested by rahul.
Answers
Answered by
3
Answer:
3 years 6 months
Step-by-step explanation:
A= P-I
85925 = 70000- x
x = 15925. S.I. = 15925
S.I. = (P × R × N) ÷ 100
15925 = (70000×6.5× N) ÷ 100
N= 15925 ÷ (650×7)
= 15925÷4550
= 3.5
Therefore, time period is 3.5 years
Answered by
4
According to the information provided in the question.
It is stated in the preceding question that,
The presented information is Rahul Invested i.e. Principal amount P=Rs.70000
Rate of 6.5%
Rahul received Rs.85925
We need to find the period of investment.
As a result, the simple interest,
So,
Re arranging it we get,
Substituting the value in above equation we get,
Hence 3.5 years the period for which sum was invested by rahul.
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