how long will it take for 4500Rs to become 4850Rs if interest is charged at the rate of 2% p.a.?
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Amount= 4850
Principal= 4500
Interest= (4850-4500)
=350
I=(P×R×T)/100
350=(4500×2×T)/100
350=90T
T=350/90
=35/9
=3 8/9 years
Principal= 4500
Interest= (4850-4500)
=350
I=(P×R×T)/100
350=(4500×2×T)/100
350=90T
T=350/90
=35/9
=3 8/9 years
RAHULSEN504:
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