Question

how long does it take for a principal of 25000 at a simple interest rate of 5% to become 30000​

Answer 1

Answer:

We k/w

T=SI×100/P×R

=5000×100/25000×5

Solving it.We get

=100/25

=4 years

Answer 2

Answer:

for a principal to make from 25000 to 30000 we need an interest of 5000 because 30000-25000=5000

5000=25000*5*t/100

t=4 years