In what time will Rs. 500 amounts to Rs. 625 at 5% p.a.?
Answer & explanation
Correct answer: option 2
Interest = 125
⇒ S.I. = 125 = \(\frac{500\;x\;5\;x\;t}{100}\)
⇒`time = 5 years
In what time will Rs. 500 amounts to Rs. 625 at 5% p.a.?
Correct answer: option 2
Interest = 125
⇒ S.I. = 125 = \(\frac{500\;x\;5\;x\;t}{100}\)
⇒`time = 5 years