Question

If you invested ₹200 in an account that pays simple interest, find out how long you'd need to leave it in at 4% interest to get ₹1000.

Answer 1

Answer:

8years 4months

Step-by-step explanation:

1000-200=800

200*4%=8

8*100=800

200+800=1000

800/8=100

1 year has 12 months

100/12=8.3333

8*12=96