Question

4. In what time will the simple interest on rs7560 be rs 1102.50 at 6 ¼% per annum​

Answer 1

Answer:

P=Rs.7560,S.I=1102.5 and R=

4

25

%

We have S.I=

100

PTR

⇒T=

PR

S.I×100

=

7560×

4

25

1102.5×100

=2.3years

=2years4 months since 1year=12months⇒0.3years=0.3×12=4months