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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????

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Priyodiptobasakid

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.

Jacksonsonika94id

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

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