In how many years taka 1800 will become taka 2250 if the simple interest rate is 5%?
To calculate the number of years it will take for a principal amount to grow using simple interest, we can use the following formula:
Interest = Principal * Rate * Time
Given that the principal amount is 1800, the interest rate is 5%, and the final amount is 2250, we can rearrange the formula to solve for time:
2250 - 1800 = 1800 * 0.05 * Time
450 = 90 * Time
Time = 450 / 90
Time = 5
Therefore, it will take 5 years for 1800 to grow to 2250 with a simple interest rate of 5%.
To find the number of years it will take for an amount to grow from 1800 to 2250 at a simple interest rate of 5%, you can use the formula for simple interest:
Simple Interest = Principal x Interest Rate x Time
In this case, the principal amount is 1800, the interest rate is 5% (which can be expressed as 0.05), and the total amount after a certain period of time is 2250.
2250 = 1800 + (1800 x 0.05 x Time)
To solve this equation for Time, we can rearrange the equation:
2250 - 1800 = 1800 x 0.05 x Time
450 = 90 x Time
Dividing both sides of the equation by 90, we get:
Time = 450 / 90
Time = 5
Therefore, it will take 5 years for 1800 to grow to 2250 at a simple interest rate of 5%.
2250 - 1800 = 450
I = PRT
450 = 1800 * 0.05 * T