Question

In how many years will Rs.5000 become Rs.6500 at the rate of 5% per annum

Answer 1

Answer:

6 years

Step-by-step explanation:

principal = 5000

Amount = 6500

therefore, Interest = 6500 - 5000

= 1500

therefore time = 100*I/P*R

= 100*1500/5000*5

= 6 years