Question

In what time will the interest on sum ofRS 2500 be RS 550 at10% per annum

Answer 1

Answer:

2⅕ years.

Step-by-step explanation:

Simple Interest=(Principal*Rate of Interest*Time/100)

550=(2500*10*T/100)

550/25*10=T

T=55/25

T=11/5=2⅕ years.