in how many years will rs. 25000 invested at 8% per annum amount to rs. 33000?
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Answered by
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amount = ₹33000
invested money p = ₹25000
rate of interest = 8%
interest = amount - principal
interest = 33000 - 25000 = ₹8000
interest = p × r × t/ 100
8000 = 25000 × 8 × t / 100
t = 8000/ 2000 = 4 yrs
Answer: required time = 4 yrs
invested money p = ₹25000
rate of interest = 8%
interest = amount - principal
interest = 33000 - 25000 = ₹8000
interest = p × r × t/ 100
8000 = 25000 × 8 × t / 100
t = 8000/ 2000 = 4 yrs
Answer: required time = 4 yrs
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