find the time when 1250 amounts to 1950 at 16%per anum
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Given Principle = 1250
Amount = 1950
Rate of interest = 16 %.
Interest = 1950-1250=700
We know that
S.I = PTR/100
700= 1250*T*16/100
700*100 = 20000 T
70000/20000 = T
T = 7/2 years.
T= 3.5 years
The time at which 1250 amounts to 1950 at 16%per anum is 3.5 years or 3 years 6 months
Amount = 1950
Rate of interest = 16 %.
Interest = 1950-1250=700
We know that
S.I = PTR/100
700= 1250*T*16/100
700*100 = 20000 T
70000/20000 = T
T = 7/2 years.
T= 3.5 years
The time at which 1250 amounts to 1950 at 16%per anum is 3.5 years or 3 years 6 months
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