Question

how many years will it take for deposit of rupees 2,000 to acquire enough interest at 15% per annum simple interest to become rupees 20000​

Answer 1

Step-by-step explanation:

P= Rs. 2,000, Amount= Rs. 20,000

.

. . S.I= A-P= 20,000-2,000=18,000

So, No. of years required(N)= Int x100

______

Px R

= 18000x100

_________

2000x 15

= 60 years

Ans. = 60 years

Hope you have understood what I'm trying to say