Question

Geeta deposited ₹20,000 in a bank at rate of interest of 9.5 .She collected ₹9500 as interest at the end of the term. For how many years had she deposited the money ?​

Answer 1

Hey Mate!

Here is your answer

Answer:

i * 100 / p * r = 9500 * 100 / 20000 * 9.5 = 9500 / 1900 = 5 (ans)

Hence, she deposited the money for 5 years.

Explanation:

So, we have to find the time. And time = interest * 100/Principal * Rate

= 9500 * 100 / 20000 * 9.5 = 9500 / 1900 = 5 (ans)

*Hope This Helps*