Question

Find out the time duration in which Rs.800 will become Rs.925.If the bank rate is 12.5percent per annum ?

Answer 1

Answer:

your question for simple interest then answer is

I=A-P

=925-800

=125

I=PRN/100

125=800×12.5×N/100

125=100×N

N= 125/100

N= 1.25 years

1year and 3 months