Question

Calculate in what period of time Rs 6600 will amount to Rs 7590, at 5% per annum simple interest

Answer 1

we have given the amount= ₹7590 and principal = ₹ 6600 and rate = 5%

First we have to calculate the simple interest

we don't have time period given in questions so to find the simple interst the formula is

SI = Amount-Principal

SI = ₹ 7590 - ₹ 6600 = ₹ 990

time period = SI × 100 / P × R

T = 990 × 100 / 6600× 5 = 75

T = 75