Question

You want to save ₹120,000 to buy your first self-driving magic carpet. you deposit ₹80,000 in a bank at an interest rate of 5%percent per annum.
how many years do you have to wait before you can buy your magic carpet?

Answer 1

Answer:

10 years.

Step-by-step explanation:

Given data :

A = ₹1,20,000

P = ₹80,000

r = 5% p.a.

t = ?

S.I = A - P = ₹1,20,000 - 80,000 = 40,000

To calculate time :

$T\:=\:\Large\frac{S.I\:×\:100}{P\:×\:R}$

$=\:\Large\frac{40,000\:×\:100}{80,000\:×\:5}$

$=\:\Large\frac{400}{40}$

$T\:=\large\boxed{10\:years}$

You have to wait for 10 years to save ₹1,20,000.

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Mark Brainliest, if it helps :)

Answer 2

Answer:

10 years

Mark me has brainlist..!