In how many years ₹ 2000 will become ₹ 2500 at 5% per annum?
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Step-by-step explanation:
Principal=₹2000
Amount=₹2500
Simple interest=Amount-Principal
=₹(2500-2000)=₹500
Rate of interest=5%p.a.
Time=100*S.I/P*R
=100*500/2000*5
=5
Therefore,5 years
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