Question

in how many years will Rs.1000 amount of Rs.1400 at the rate of 4%per annum simple interest answer

Answer 1

I think 1000/1400×4/100

1.4 ×25
35

Answer 2

Hey,.
Given:-principal =1000
amount=1400
rate=4% per annum
So, now, interest = amount-principal
interest =1400-1000=400.

SI=P*R*T/100
400=1000*4*T/100
40000/4000=T
Time = 10yrs.

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