Question

in how many years the interest on rs800 at the rate of interest 5% per annum will be rs 150?

Answer 1

is this question belong as simple intrest or compound

Answer 2

SI = (P X R X T)/100

150 = (800 X 5 X T)/100

150 = 8 X 5 X T

150 / 40 = T

T = 15/4