How long will it take for a sum of money to grow from Rs.1250 to Rs.10,000, if it is invested at 12.5% p.a simple interest?
A) 65years
B) 56years
C) 45years
D) 57years
Answers
Answered by
9
As we know,
Amount =Principal +Interest
And Interest =P*R*T/100
Frame it this way :
10000= 1250+(1250*12.5*T)/100
You'll get the answer
Amount =Principal +Interest
And Interest =P*R*T/100
Frame it this way :
10000= 1250+(1250*12.5*T)/100
You'll get the answer
Similar questions