Simple interest on rupees 2500 at 4% per annum is rupees 200
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Answered by
10
Answer:
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Step-by-step explanation:
Principal = Rs 2500
Interest rate = 4%
Find the interest for 1 year:
Interest = 4% of Rs 2500
Interest = 0.04 x 2500 = Rs 100
Find the number of years to accumulate Rs 200:
1 years = Rs 100
Number of years = 200 ÷ 100 = 2
Answer: 2 years
Answered by
1
SI = PRT/100
200 = 2500*4*T/100
200 = 100T
200-100 = T
100 = T
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