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In what time will the interest on Rs 2500 at the rate of 8% per annum be Rs 400

Posted by Avinash Ranjan 6 years, 3 months ago

CBSE > Class 05 > Mathematics

1 answers

Naveen Sharma 6 years, 3 months ago

Principal = Rs. 2500

Interest = Rs. 400

Rate = 8%

Time = ?

We know

Interest = {tex}Principal \times Rate×Time\over 100{/tex}

So Time = {tex}Interest×100\over Principal×Rate{/tex}

= {tex}{400×100\over 2500×8}=2\ Years{/tex}

3Thank You

ANSWER

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CBSE > Class 05 > Mathematics