Question

In how much time will the interest on Rs.4000 at 12.5% p.a.be Rs. 1000?​

Answer 1

Answer:

2 years

Step-by-step explanation:

Since, the interest given is Rs 1000

The rate given is 12.5%

The principle is Rs 4000

We basically have to find the time period;

Since we know that,  $Interest = \frac{ principle \times rate  \times time}{100}$

$1000 = \frac{ 400 \times 12.5  \times time}{100}$

∴ time = $\frac{25}{12.5}$

∴ time = 2 years