Question

Gita deposited Rs 80,000 at 5p.c.p.a for some years. She received an interest of Rs 8000. For how many years did she deposit the money? solve step by step

Answer 1

Answer:2 years

Step-by-step explanation: first of all we write what things are given i mean we write pricipal, rate, and simple interest, so principal = 80000 rate= 5% simple interest=8000, then the we write the formula of time = simple interest multiply 100/principql multiply rate = 8000 ✖ 100 / 80000 ✖ 5 = 2 so the time is 2 years