How long would Rs 15500 have to be invested at a markup rate of 6 percent per year to gain Rs 31000.
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I=PNR/100
31000=15500xNx6/100
31000=155xNx6
31000/155x6=N
N=3yrs
Therefore the amount has to be invested for 3 years
31000=15500xNx6/100
31000=155xNx6
31000/155x6=N
N=3yrs
Therefore the amount has to be invested for 3 years
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