how long will it take ₹3000 to become₹4080 at 4%per annum
Answers
Answered by
0
it will taje 12 years rupees 3000 to become rupees 4080 at 4% per annum
Answered by
1
Answer :-
We know,
Interest = Final amt - Principal amt
Thus I = ₹4080 - ₹3000
= ₹1080
Now, Interest = Principal × rate × time /100
Thus 1080 = 3000 × 4 × T / 100
= 1080 × 100 / 3000 × 4 = T
:. T = 9 Years ...Ans
Hope it helps!
Plz mark my answer as brainliest..
Similar questions