Question

In what time will 85,000 amount to +1.57,675 at 45% pa?​

Answer 1

According to Simple interest the time period will be 19 years

Solution →

We know that simple interest is PRT/100

Here , Principal = P , Rate = R and Time = t

S.I = Amount - principal

S.I = 157675 - 85000

S.I = 72675

Now we have to find time so, applying formula of S.I we get -

So, Time → 19 years

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Answer 2

Answer:

1.9 years

Step-by-step explanation:

Amount = Principal + simple interest

157675 = 85000 + 85000*45*t/100

85000*45*t/100 = 157675 - 85000

85000*45*t/100 = 72675

T = 161500/8500 = 1.9 years