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 ?
simple arithmetic questions and answers
Principal Amount = P = 2500
Amount at the completion of term =A=3000
Rate of interest applied = R = 4 % pa
We know ;
So, the term is for 5 years