Q : Rs. 500000 will reach to Rs 1250000 at the rate of 10% interest in how many years?
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Answer:
15 years
Step-by-step explanation:
10% of 500,00Ø is 50,000
100% in interest = 500,000 + 500,000 = 1,000,000
150% in interest = 1,000,000 + 250,000 = 1,250,000
time to reach 150% = 150 ÷ 10 = 15 years
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