In what time will ₹7850 amount to ₹8635 at 4% per annum?
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Answer:
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Step-by-step explanation:
Time = 2 1/2 years.
Solution:
Sum of amount = Rs. 8635
Principal = Rs. 7850
Simple interest = Amount - Principal
=> 8635 - 7850
=> Rs. 785
R = 4%
S.I = PNR/100
785 = (7850 * N * 4)/100
100 = 10 * N * 4
N = 100/40
N = 10/4 = 5/2
N = 2 1/2 years.
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