Question

in how many years will a sum of 25000 earn an interest of 3375 at 3% per annum?​

Answer 1

In 40.5 years, it will be a sum of 25000 earn an interest of 3375 at 3% annum.

• We can use the given formula :
• Interest = profit* rate*time/100 , which can be rewritten as:
• time = interest*100/profit*rate
• here, profit = 25000
• rate = 3%
• interest = 3375
• Substituting the numerals, we get:
• time = 3375*100/25000*3 = 40.5 .

Answer 2

Answer:

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