Question

how long will it take for Rs 2500 invested at the rate of 8% per amount simple interest to amount to Rupees 3100

Answer 1

SI=A-P=3100-2500=600
TIME=si×100/p×r
60000/20000
3 years
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Answer 2

Answer:

Principle                        = Rs 2500

Amount                         = Rs 3100

Rate of interest             = 8%

Simple interest              = Amount-Principle

                                      = 3100-2500

                                      = Rs 600

Time                               = S.I*100/P*R

                                      = 600*100/2500*8

                                      = 3 years