Question

Ravi borrowed Rs 5000 from his friend at a rate of 12%p.a. and returned Rs 6450. After how much time Ravi returned the money? a) 2years 8months b) 2years 5months c) 3years 2months d) 3years 6 months

Answer 1

Answer:

b) 2 years 5 months.

Step-by-step explanation:

A= Rs.6450

P= Rs.5000

S.I. = Rs 1450

R=12%

Then, Time = (100×1450)÷(5000×12) = 29/12 years = 2 years 5 months.