Question

Calculate the time in which rupees 2500 would become rupees 2750 at an interest rate of 8

Answer 1

Answer:

Time=I×100/p×r

P=2500 A= 2750 R= 8 percent

I=P-A I=2750-2500=250

I=250

Time = 250×100/2500×8

Time = 5/4year