Question

9. Rohan took a loan of * 1500 with simple interest for as many years as the rate of interest,
He paid * 240 as interest at the end of loan period. Find the time period he has taken to
return the loan.
​

Answer 1

Answer:

4 years

Step-by-step explanation:

Principal (P) = ₹1500

Simple Interest (SI) = ₹240

Given, Rate = Time.

SI = PRT/100

=> 240 = 1500 × T × T/100

=> 240 = 15 × T²

=> 240/15 = T²

=> T² = 16

=> T = 4 years

Answer 2

Answer:

4 years

Step-by-step explanation:

Principal (P) = ₹1500

Simple Interest (SI) = ₹240

Given, Rate = Time.

SI = PRT/100

=> 240 = 1500 × T × T/100

=> 240 = 15 × T²

=> 240/15 = T²

=> T² = 16

=> T = 4 years