Question

in how many years will rupees 20,000 amount to Rupees 23000 at 5% per annum simple interest​

Answer 1

Rs. 20000 will amount to Rs.23000 at 5 percent rate per annum in 3 years

• formula used T= 100×I

P×R

where,

T stands for time

I stands for interest

P stands for principle

R stands for rate percent