# Word Problem 4

Problem 4: If an amount of Rs 2500 was invested @ of 4% per anum, and amount becomes Rs 3000 at the end of the term, what was the term of period for investment ?

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Solution:

Here,

Principal Amount = P = 2500

Amount at the completion of term =A=3000

Rate of interest applied = R = 4 % pa

We know,

We know ;

Put values;

So, the term is for 5 years

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Insert math as
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