Question

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

Answer 1

Answer:

HEY!! HERE IS YOUR REQUIRED ANSWER STEPWISE-:

Interest earned (I) = Amount - Principal

I = $30,000 - $25,000

I = $5,000

Formula for simple interest is

I = Prt

Here, P = 25000, I = 5000, r = 5%

Let us plug these values in the above formula

5000 = 25000 ⋅ 5/100 ⋅ t

5000 = 1250 ⋅ t

Divide both sides by 1250.

5000 / 1250 = t

4 = t

So, it will take 4 years for the principal of $25,000 at a simple interest rate of 5% to become $30,000.

Answer 2

Step-by-step explanation:

we know that :

T=S.I ×100/P×R

=5000×100/25000×5

By solving it we get =

100/25=4years

Hope it helps you

HAVE A GREAT DAY