Question

At what time Rs 500 amounts to Rs 750 at 2% per annum simple interest? plz help​

Answer 1

Answer:

Here P = $ 500, R = 8% p.a A = $ 580

Therefore S.I = A - P = $ (580 - 500) = $ 80

Therefore T = (100 × S.I)/(P × R) = (100 × 80)/(500 × 3) = 2 years