Question

Principal 8500 rate 6.25% intrest 450 find out the time

Answer 1

Step-by-step explanation:

Given: P=₹ 8500

R=6.25%

I=₹ 450

&. T=?

I = (P×R×T) / 100

T= (100 × I) / (P × R)

=(100×₹ 450) / (₹ 8500×6.25%)

=45000 / (85×625)

=45000 / 53125

=0.8470

Hence time required in yrs is 0.8