Question

In what time rs 210000 amount to Rs 20000 at 5% p.a. interest being compound annually

Answer 1

Hey buddy!

Answer:

A/Q

Principal = rs. 20000

Amount = rs. 210000

Rate = 5% p.a

Now,

Simple interest = A - P

= 210000-20000

= 190000

So,

$time = \frac{s.i \times 100}{p \times r}$

$= \frac{ 190000 \times 100}{20000 \times 5} \\ \\ = 4750 \: ans.$

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