Question

How long will it take for ₹ 2,50,000 invested at the rate of 8% per annum simpleInterest to amount to ₹ 3,10,000​

Answer 1

Answer:

it will take 3 years

Step-by-step explanation:

3,10,000 - 2,50,000 =60,000

8% of 2,50,000 =(2,50,000 ×8)/100= 20,000

we will get 20000 addition per year

hence for 60,000 we will need 3 years