How long will it take sum of $1250 to grow to $10000 if it is invested at 12.5% pa simple interest?

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A. 65 years
B. 56 years
C. 45 years
D. 57 years

Simple interest is given by the formula SI = (pnr/100), where p is the principal, n is the numberof years for which it is invested, r is the rate of interest per annum
In this case, Rs. 1250 has become Rs.10,000.

Therefore, the interest earned = 10,000 – 1250 = 8750.

8750 = [(1250 x n x 12.5)/100]

=> n = 700 / 12.5 = 56 years.



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How long will it take sum of $1250 to grow to $10000 if it is invested at 12.5% pa simple interest?

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How long will it take for a sum of money to grow invested at 12.5% pa simple interest from Rs 1250 to Rs 10000?

n = 56 years.

How long will it take for a sum to become 12 times if the rate of interest is 12.5% per annum under simple interest?

Time = 8 years. Was this answer helpful?

How long will it take a sum of money invested at 5% PASI to increase its value by 40 %?

Thus, it will take 8 years.

At what rate percent per annum will a sum of money double in 8 years?

Hence, the rate of interest to double a money in 8 years will be 12.5% per annum.