Question

If a sum of 25.000, becomes? 31.000 at 8% simple interest p.a., the number
of years is​

Answer 1

Answer:

principal =25000

let R be-R

time-4years

amount =31000

p×r×t/100=31000

25000×R×4/100=31000

25000×4×R=31000×100

100000×R=3100000

R=3100000/100000

R=31%