in which rupees 1250 amounts to rupees 1950 at 14% per annum
bviraj:
what is the time
Answers
Answered by
4
1950-1250=700
interest =700
interest = P×R×N/100
700 =1250×14×N/100
700×100/1250×14=N
4=N
there fore in 4 years u'll get 1950
Hope it helps.
Answered by
5
4 years
step-by-step explanation:
Given,
Principal = ₹ 1250
Amount = ₹ 1950
Rate of Interest = 14% p.a
Now,
we kno that,
Amount (A)= Principal (P) + Simple interest (S.I)
=> S.I = A - P
=> S.I = ₹(1950-1250)
=> S.I = ₹ 700
NOW,
we know that,
S.I = P×R×T/100
=> T = S.I × 100/ P× R
=> T = 700×100/14 × 1250
=> T = 4 yrs.
So,
Time period = 4 yrs.
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