Question

In how much time will 12,500 become 15,500 8% per annum?


pls explain step by step​

Answer 1

Answer:

3 years

Step-by-step explanation:

sum= 15500

p= 12500

r= 8 %

t=x

si= 15500-12500= 3000

so, (12500*8*x)/100 = 3000

(3000*100)/12500*8= x

1500/125*4

12/4

3 years