Question

in how many years will 1600 rupees amount to rupees 185 2.20 at 5% per annum​

Answer 1

Step-by-step explanation:

PRINCIPAL(P)=1600

RATE(R)=5%

AMOUNT(A)=1852.20

NOW

INTEREST(I)=?

A=P+I

1852.20=1600+I

1852.20-1600=I

I=252.2

TIME=Ix100/PT

=252.2x100/1600x5

=25220/8000

=3.1525yrs