Question

how long will it take for rs 20000 to become rs. 30000 at 5% per annum simple interest
please solve fast it's urgent​

Answer 1

answer is 15 percentage

Answer 2

Answer:

10 years

Step-by-step explanation:

Total interest earned= 30000-20000

=$10000

Amount of interest in every annum= 5% of 20000

=5/100*20000

=$1000

So, time taken for investment to grow to 30000=10000/1000

=10 years

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