In how may years will ₹900 yeild an interest of ₹180 at the rate of 5% per annum

Asked by hashimahmed037 | 22nd Dec, 2019, 02:45: PM

Expert Answer:

P = Rs. 900, R = 5% p. a., SI = Rs. 180
PNR/100 = 180
900 × 5 × N/100 = 180
N = 180/45 = 4 years
 
In 4 years will ₹900 yeild an interest of ₹180 at the rate of 5% per annum.

Answered by Sneha shidid | 23rd Dec, 2019, 08:54: AM