in how many years will Rs. 3025 amount to Rs. 3811.50 at 6.5% per annum
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1
Answer:
4year
Step-by-step explanation:
interest = (principal× rate×time)/100
3811.50=principal amount+interest
3811.50=3025+{(3025×6.5×t)/100}
3811.50-3025=(121×6.5×t)/4
786.50=(121×6.5×t)/4
t=(786.50×4)/121×6.5
t=786.50×4/786.5
t=4year
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