Question

ln how many , will Rs 1000 become Rs 1200 at 4% p.a.?​

Answer 1

• I = PTR/100

I - intrest = 1200-1000=200 ;

P- principal amount= 1000 ;

R- rate of intrest = 4%

T -time period.

• 200 = 1000×T×4/100

• T = (200×100)/(1000×4)

• T = 5 years