Question

Azhar deposits RS 20,000 in a bank in how many years will it amount to RS 23,000 at the rate of interest 5% p.a. ​

Answer 1

Answer :

Principal = ₹20000

Amount = ₹23000

S.I. = A - P = ₹3000

Time =  $\frac{S.I. *100 }{P*R}$

         = $\frac{3000*100}{20000*5}$

         = 3 yrs

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