Question

In how many years will RS 750 amount to RS 900 at 4% per annum?

Answer 1

Dear friend,

Let the time be x

P = Rs. 750
R = 4 % p.a.
T = x
A = Rs. 900
SI = Rs. 900 - 750 = Rs. 150

$si = \frac{prt}{100}$

$150 = \frac{750 \times 4 \times x}{100}$

$150 = 30x$

$x = \frac{150}{30}$

$x = 5$

Answer. After 5 years.

Hope it helps !!!