Question

In how many years will the simple interest on 700 at the rate of 12.5 p.c.p.a be 525

Answer 1

Answer:

= 6 years

Step-by-step explanation:

Here given that

Principal P = 700

Rate of interest I = 12.5%

S.I = 525

we know that

S.I = PRT/100

T = (S.I*100)/(P*I)

T = (525*100)/(700*12.5)

T = 6