Question

How long will it take for rupees 2500 invested at the rate of 9% per annum simple interest to
amount to 3100​

Answer 1

Answer:

2.66 years

Step-by-step explanation:

Principal= Rs.2500

Rate of interest=9%

Time = n (to be found out )

Amount to be made = Rs.3100

S.I = P x R x T /100

Amount= Principal + Interest

3100=2500+(2500 x 9 x n/100)

3100-2500=25 x 9 x n. (2500/100=25)

600=225n

n=600÷225

n=2.66