Math, asked by honey32573, 1 year ago

Harika deposit Rs20000 in the bank. In how Many years will it amount to rs 23000 at the rate of interest of 5% per annum ​

Answers

Answered by karthik961
2

If it is Simple interest,

A = P + SI

A=amount

P=principal

SI=PTR/100

T=time in years

R=rate of interest

given,

A=23000,P=20000,R=5%

23000=20000 +[20000×T×5/100]

23000-20000=(20000×T×5)/100

3000=(20000×T×5)/100

3=(20×T)/20

60=20×T

T=3yr

Similar questions