anil borrowed a sum of 12300 rupees for a certain period at the rate of 10 % per annum and returned rupees 18450.Find the time for which money was borrowed by him.
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Answered by
102
Principal = ₹12300
Time = T
Rate = 10%
Amount = ₹18450
Amount = Principal + Simple Interest
SI = Amount - Principal
SI = 18450-12300= ₹6150
Now, SI = P×R×T/100
6150=12300×10×T/100
T=6150/1230
T=5 Years
Hope it helps :)
Time = T
Rate = 10%
Amount = ₹18450
Amount = Principal + Simple Interest
SI = Amount - Principal
SI = 18450-12300= ₹6150
Now, SI = P×R×T/100
6150=12300×10×T/100
T=6150/1230
T=5 Years
Hope it helps :)
Answered by
18
Answer:
Answer = 5 years
Step-by-step explanation:
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