A sum of money invested at 5% per annum simple interest amounts to rs 13 26 in 6 year in what time will it amount to rs
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A sum of money invested at 5% per annum simple interest amounts to rs 13 26 in 6 years in what time will it amount to rs.1530
I assume this is your question.
Step-by-step explanation:
Let the Principle sum be P.
P x 1.3 = 1326 => P = 1326/1.3
Hence the required time will be,
{[(1530 - 1020)/(1020)] * 100} / 5
= 10 years
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