Mumtaz wants to earn Rs 500 in interest so she’ll have enough to buy a cycle. She puts Rs 2000 into an account that earn 2 1/2 % interest. How long will she need to leave her money in the account to earn Rs 500 in interest?
Answers
Answered by
0
Answer:
i dont know the answer so please do not dusturb me
Answered by
0
Answer:
10 years
Step-by-step explanation:
Interest = Rs 500
Principal = Rs 2000
Rate = 2.5%
We need to find T.
We know,
I = P T R/ 100
500 = 2000 × T × 2.5/ 100
Hence
T = 10 years
Similar questions