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CBSE Class 7 Answered

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

Asked by hashimahmed037 | 22 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.
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