If ₹450 amounts to ₹540 in 4 years at simple intrest, find the 5 years at the same rate of intrest.
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562.5, comment if you have any query.
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Answer:
450 rs is increase to 540 in 4 years
- so increse money in 4 years = 90
- increse in each year = 90/4 = 22.5
if 450 rs increse 22.5 in 1 year
so 100 re increse = ???
= 100×22.5/450
= 2250 /450
= 5 %
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