Question

In what time will Rs.2100 fetch an interest of Rs. 525 at 5% p.a.?

Answer 1

Answer:

5 years

Step-by-step explanation:

as 5% of 2100 is ₹105 do according to it will fetch₹525 interest in 5 years

Answer 2

by using the formula

by using the formula I=PxRxT/100

525=2100x5xT/100

T= 525x 100/2100x5

=5years