Question

in what time will rs85000 amount to rs157675 at 4.5% p.a.?

Answer 1

Answer:

According to Simple interest the time period will be 19 years

Step by step explanation

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

Rate=4.5%p.a.

Time = SI*100/P*R

= 72675*100/85000*4.5

=19

So , Time → 19 years.

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