Question

azar deposits rs 20,000 in a bank . In how many months will it amount to rs 23,000 at the rate of interest of 5% p.a​

Answer 1

Principal =20000

Amount = 23000

SI = A- P

= 23000-20000

= 3000

Rate = 5%

$time = ( \frac{100 \times si}{p \times r} \\ time =( \frac{100 \times 3000}{20000 \times 5} ) \\time =75months$