Question

Q. Determine the time in which Rs 2500
will amount to Rs 3500 at 8% simple
interest per annum.​

Answer 1

Answer:

simple interest = T ✖ P ✖ R / 100

(3500-2500)= x ✖ 2500 ✖ 8 /100 ( let the time be x)

1000= 200 ✖ x

divide 1000 by 200

1000/200=x

5= x

thus time = 5 years