Question

Daniel deposite Rs 20,00,000 in a bank at 6.25% p.a. interest rate . After how many years he will receive Rs. 31, 250 as interest????

Answer 1

Step-by-step explanation:

Time = interest ×100/principle ×rate

time = (31250×100)/(2000000×6.25). [after calculation]

time = 0.25 yrs = ¼×12 = 3months.

hope this helps you.

Answer 2

Step-by-step explanation:

Hope my answer helps and if you are wondering 6.25/100=1/16 okay hope it helps plz mark me brainliest