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
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
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