Question

Pranjal borrows a sum of 20,000 at the rate of 5% p.a. After how many years does she pay the money back if she pays an interest of 2,500?
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Answer 1

Answer:

22and half years

Step-by-step explanation:

(20000×5×1 year)divided by 100=₹1000 per year so 2 years ₹2000 so 2 and half years ₹2500.