In how many years will ? 870 amount to 7 1,044, the rate of interest being 5/2
p.a. ?
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Answered by
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Answer:
Step-by-step explanation:
₹870 will amount to ₹1044 at rate of 5/2% in 8 years.
Principle =₹870
Amount=₹1044
Simple interest=amount principle
S.I=1044-870=₹174
WeknowS.I=principle×rate×time/100
S.i=p×r×t/100
P=₹870 rate=2 1/2=5/2%
So time t=s.i×100/p×r
T=174×100×2/5×870
Time =34800/4350
Time =8 years.
So time in which ₹870 amounts to ₹1044 is 8 years.
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Answer:
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