Question

In how many years will 5000 become 8000 at the rate of 10% per annum simple interest​

Answer 1

Answer:

1/5 Yr

Step-by-step explanation:

P= 5000

A= 8000

r= 10%

S.I = A-P

    = 8000-5000

     = 3000

t= $\frac{P*r}{S.I*100}$

= $\frac{5000*10}{100*3000}$

= 1/5 Yr