Knowee
Questions
Features
Study Tools

Rs.1500 is invested at 10% S.I. and interest is added to the Principal after every 5 years. In how many years it amounts to Rs.2500 ?

Question

Rs.1500 is invested at 10% S.I. and interest is added to the Principal after every 5 years. In how many years it amounts to Rs.2500 ?
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

To solve this problem, we need to understand the concept of Simple Interest (S.I.). The formula for Simple Interest is I = PRT/100, where P is the principal amount, R is the rate of interest, and T is the time in years.

Given in the problem: P = Rs. 1500 R = 10% The final amount (A) = Rs. 2500

We Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

A sum of money invested at a simple interest amounts to Rs. 750 in 2 years and Rs. 760 in 3 years. What is the principal amount invested?

A principal of $2500 is invested at 6% interest, compounded annually. How many years will it take to accumulate $5000 or more in the account?

A sum of money amounts to ₹1,800 when invested at 6.25% p.a. simple interest for a period of eight years. Find the principal.

A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and Rs. 1,020 after a further period of 5 years. Find the principal.

The S.I. on a Sum of money will be Rs.600 after 10 years. If the Principal is tripled after 5 years, what will be the total interest at the end of 10th year?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.