Radhika deposited rs . 4500 in her bank account at an interest rate of 4.5 % p.a . After how many years would she earn rs 1800 as an interest ?
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Answer:
P = 4500 rs
R = 4.5 %
I = 1800 rs
Formula is I = Prt / 100
or, 1800 = 4500*4.5*t/100
or, 4500*4.5*t = 1800*100
or, t = 1800*100/4500*4.5
or, t = 8 of 8/9 year
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