Question

4. Find the time when simple interest on 3.3 lakhs at 6.5% per annum is 75075.​

Answer 1

Answer:

Here,

P=3.3 lakhs

=Rs 3.3×100000

=Rs 330000

R=6.5% per annum

I=Rs 75075

Hence,

T=(I×100)/(P×R)

=(75075×100)/(330000×6.5) years

=(75075×100×10)/(330000×65) years

On further calculation, we get,

=(75075)/(330×65) years

=1155/330 years

We get,

=7/2 years

=3

2

1

years