Question

How long will it take for rupees 3500 to become rupees 3850 if interest is charged at the rate if 2% per annum?

Answer 1

It will take 5 years hope it will help u

Answer 2

Here Principal (P)= 3500      Amount(A)=3850           Rate(R)= 2%
Using A=P(1+(RT)/100)
=>3850=3500(1+(2T)/100)
=>3850/3500=(1+T/50)
=>(385*50)/350=50+T
=>T=55-50
=>T= 5 years.

Hope this helps you.