Question

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​

Answer 1

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

Answer 2

Answer:

6years 4month

Step-by-step explanation: