Question

in what time will '5000 amount to '5750 at 5% per annum simple interest?

Answer 1

Here, P=5000, A=5750, R=5%

let T=x

A=(P*R*T)/100

5750=(5000*5*x)/100

5750=250x

5750/250=x

23=x

Time =23 years

Answer 2

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