Question

Rahul invested RS.70000 in a bank at the rate of 6.5%p.a.simple interest rate.he received rs.85925 after the end of term .find out the period for which the sum was invested by Rahul
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Answer 1

Answer:

3.5 Years

Step-by-step explanation:

We know A =P(1+it)

i.e., 85,925=70,000(1+  

100

6.5

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×t)

85,925/70,000=1+  

100

100+6.5t

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22.75=6.5t

t=3.5.