Question

How long will it take for ₹25000 invested at the rate of 11% p.a., to amount of ₹38750.

Answer 1

$\Huge{\color{blue}{\underline{\underline{Given:-}}}}$

Principal = Rs.25000

Rate of interest = 11%

Amount = Rs.38750

$\Huge{\color{red}{\underline{\underline{To\: Find:-}}}}$

Time taken

$\Huge{\color{blue}{\underline{\underline{Answer:-}}}}$

Simple Interest = Amount - Principal

= 38750 - 25000

= Rs.13,750

Time = SI × 100/R × P

= 13750× 100/11 × 25000

= 60000/20000

= 3 years