Question

Anita borrowed ₹ 800 at the rate of 12% per annum. If the amount
returned by her is ₹ 992, then calculate the interest and the time.​

Answer 1

Answe Time = 2year, Interest = ₹192

Step-by-step explanation:

We know that Principal = ₹800, Rate =12% ,

Interest= Amount - Principal

Interest = 992-800

Interest= ₹192.

$si = ( \frac{p \times r \times t}{100} )$

Let time = t

192= (800×12×t/100)

192×100=9600t

19200=9600t

19200/9600=t

2=t.

Time = 2year.