Question

In how many years ₹ 2000 will become ₹ 2500 at 5% per annum?​

Answer 1

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