Question

In what time will rs 500 amount to rs 625 at 5% per annum ?

Answer 1

I think so this is your answer

Answer 2

Answer :

Here,

Principal (P) = 500

Amount = 625

Simple interest(SI) =Amount -Principal

= 625 - 500 = 125

Rate percent (R) = 5

Time = SI × 100/ P×R

= 125 ×100 / 500×5

= 5 year