Question

Rakesh invested Rs 25,000 in a finance company and received Rs
36,000 at the rate of 20% per annum compounded annually. Find the
time period.

Pl tell asap

Answer 1

Answer:

Rakesh invested = Rs 25,000

Rate of interest = 20% par year

Simple Interest = 36,000

Time = 100×S.I

----------

P×R

100×36000

= -----------------

25000×20

= 100×36

-------------

25×20

= 36/5