If an amount takes 4 years with the rate of 12 1/2% to be Rs 3750, then the amount will be?
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Answer:
Rs 2500
Step-by-step explanation:
t=4 yrs R=25/2 %,P=?
Interest= 3750-P
3750-P=P*R*T/100
3750-P=P*25/2*4/100=P/2
2*(3750-P)=P
2*3750-2P=P
3P=7500
P=7500/3
=Rs 2500
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