A sum of Rs.4800 amounted to Rs.6240 in a certain period. If the rate simple interest is 12% p.a Find the period.
Answers
Answer:
Soil moisture is the water stored in the soil and is affected by precipitation, temperature, soil characteristics, and more. These same factors help determine the type of biome present, and the suitability of land for growing crops. The health of our crops relies upon an adequate supply of moisture and soil nutrients, among other things. As moisture availability declines, the normal function and growth of plants are disrupted, and crop yields are reduced. And, as our climate changes, moisture availability is becoming more variable.
A sum of Rs 4800/- invested in a simple interest will amount to Rs 6240/- yielding an interest of Rs 1440/- at 12% p.a.
4800*12/100*n=1440;
So n=1440*100/(4800*12)=12000/4800=120/48=10/4=2.5 years.
The period will thus be 30 months.