Question

1. In what time will RS 1860 amount to RS 2641.20 at simple Interest of 12 % per annum?

Answer 1

HEY THERE!!

Question:

In what time will RS 1860 amount to RS 2641.20 at simple Interest of 12 % per annum?

Method Of Solution;

Given:

Principal (P) = Rs 1860

Interest Rate  (R) = 12 %

Amount = 2641.20

•°• SI = 2641.20 -1860

= 781.20

Hence, SI = 781.20

To find ; Time =?

According to the Statement!

We know that Formula of simple interest;

SI = P× R× T/100

=> 781.20 = 1860 × 12 × T/100

=> 781.20 × 100 = 22,320 × T

=>78120 = 22,320 × To

=> T= 78120/22,320

•°• Time = 3.5 Years!!

Conclusion;

3.5 Years time will RS 1860 amount to RS 2641.20 at simple Interest of 12 % per annum.