Question

Angela deposited 15000 rupees in a bank at a rate of 9 p.C.P.A. She got simple interset amounting to 5400 rupees.For how many years had she deposited the amount

Answer 1

p=$1500

I=9%p.a

amount= $5400

T= Amount x 100

-----------------------

1500 x 9

= 40 years

by S.I method