Question

In how many years will₹20000 amount to ₹23000 at 5% per annum simple intrest

Answer 1

Answer:

3 Years

Step-by-step explanation:

Here Principal = ₹20000

Amount = ₹23000

Rate of interest = 5%

Simple Interest = Amount - Principal

                          = 23000 - 20000

                          = 3000

But we know that Simple Interest = (Principal × Rate × Time)/100

∴ (20000 × 5 × Time)/100 = 3000

           20000 × 5 × Time = 300000

                                 Time = (300000) / (20000 × 5)

                                 Time = 3

∴ In 3 years ₹20000 will amount to ₹23000.

Answer 2

Answer:

this is the ans right checked

mark brainliest