Question

Caculate the time in which 1500 with amount to 9000 at 20% per annum

Answer 1

Answer:

25 year

Step-by-step explanation:

Principal=1500

Amount=9000

Rate%=20%

Time=?

Interest=9000-1500=7500

I=P×R×T/100

7500=1500×20×T/100

7500×100/(1500×20)=T

75000/30000=T

25=T

Time=25 year