Question

In how many years will Rs.2025 become Rs.3580 at 7.5 rate of interest?Please show all the required steps for this..

Answer 1

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АпЗЩЁГ↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓↓

principal =3500

amount= 4130

s.i = amount - principal

    = 4130 - 3500

    = 630 rs

rate of interst = 6%

lets recall a formula

=>time =  \frac{100*s.i}{p*r}  

                = \frac{100*630}{3500*6}

                 = 63000/21000

                 = 3 years

АпЗЩЁГ↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑↑

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