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How long it will take for RS. 25,000 invested at the rate of 12% p.a. simple interest to amount to RS. 31,000
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Answer:
6000
Step-by-step explanation:
GIVEN,
PRINCIPAL = 25000
RATE PER ANNUM = 12
AMOUNT = 31000
WE DON'T NEED RATE PER ANNUM
AMOUNT = PRINCIPAL + INTREST
31000 = 25000 + INTREST
INTREST = 31000 - 25000
= 6000
THEREFORE ANSWER = 6000
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