How long does it take for a sum of rs.2500 to become rs.12500 at 10% simple interest?
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we know that,
SI = P×R×T ÷ 100
we have, SI= 12500, P= 2500, R= 10%
find, T (time)
SI = P×R×T ÷ 100
12500 = 2500 × 10 × T ÷100
12500= 250 × T
12500 ÷ 250 = T
50 = T
T, (time) = 50 years
SI = P×R×T ÷ 100
we have, SI= 12500, P= 2500, R= 10%
find, T (time)
SI = P×R×T ÷ 100
12500 = 2500 × 10 × T ÷100
12500= 250 × T
12500 ÷ 250 = T
50 = T
T, (time) = 50 years
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