Question

In how many years will rupees 7500 amount to rupees 9000 at 4% per annum simple interest.

Answer 1

Answer:

Principal = rupees 7500

Rate = 4 %

Amount = rupees 9000

Time = ?

Simple interest = principle * rate * time / 100

According to question:

7500 * 4 * t / 100 = 9000

= 30 years

Hope it will help....