Question

Calculate the time in which Rs. 3500 would become Rs. 3950 at an interest rate of 5% per annum. (With Working)

Answer 1

HEYA....

Principle=3500
Amount=3950
Rate of percent=5%
Interest=A-P
            =3950-3500
            =450
Time=(100*Interest)/Principle*Rate of interst
T=(100*450)/3500*5
t=45000/17500
t=18/7
t=2and 4/7 Years


Hope it helps

Answer 2

Put the factor 432 as we obtain 7 and then we know n