Math, asked by shreeharshatg, 9 months ago

In what time a sum of rupees 30000 earns a simple interest of rupees 7500 at 6.25% per annum

Answers

Answered by PreciousPranv1331

1

Answer:4 years

Step-by-step explanation:

Principal=₹30000

Rate of interest=6.25%

Time=?

Simple interest=₹7500

As by formula,

T=100*S.I/P*R

=100*7500*100/625*30000

=4

Therefore, Time (T) =4years

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