Question

Meera deposit Rs. 30,000 in a bank account that pays simple interest at the rate of 5 % per annum. For how many years should she invest to generate 45,000​?

Answer 1

Answer:

6.66 years

Step-by-step explanation:

Answer 2

Answer:

10 years

Step-by-step explanation:

Amount =45000

principle =30000

rate=5%

time=?

simple interest = 45000-30000=15000

time= simple interest ×100/principle ×rate

time= 15000×100/30000×5

time= 10 years