Question

How long will a sum of rs 5000 take to amount to rs 8750 at rate of 15./. per year​

Answer 1

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Answer 2

Answer:

sum of money(principal)=rs5000

amount=rs8750

rate=15%

to find interest use forrmula,

amount=principal+interest

rs8750=rs5000+interest

rs8750-rs5000=interest

rs3750=interest

to find time use formula,

interest=p*t*r/100

rs3750=rs5000*t*15/100

rs3750*100=rs75000*t

rs375000/rs75000=t

5=t

Step-by-step explanation:

therefore the sum of money rs5000 amount to rs8750 at the rate of 15% after 5 years