Meera deposit 30,000 in a bank account that pays simple interest at the rate of 7.5 % per annum. For how many years should she invest to generate 45,000
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P= 30000, R = 7.5 % , Let time = t
A= 45000
SI= 45000-3000 = 15000
15000= (30000×7.5×t)100
1500000= 30000×7.5×t
(1500000)/ (30000×7.5) = t
50/7.5 = 6 is to 2/3
6 year 4 months
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1
Answer:
6years 4month
Step-by-step explanation:
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