Question

Priya gives an interest of ₹31.25 on the sum of ₹5000. if the rate of interest is 25%per annum, find the time.​

Answer 1

Answer:

The required time is 0.025 years

Step-by-step explanation:

here principle amount , p = ₹5000

rate of interest , r = 25% per annum

amount of interest , I = ₹31.25

Let the time be t

then I = $\frac{p t r}{100}$

⇒ 31.25 × 100 = 5000 × t × 25

⇒ 3125 = 125000 t

⇒ t = 1/40 year = 0.025 years