Question

CI = Rs4347 , Principal =Rs. 30,000 R= 7% per annum . Find time

Answer 1

Answer:

SI= P×R×T

---------

100

Given that

SI = 4347

Principal=30000

R= 7%

T=?

As the above equation :

4347=30000×7×T

-----------------

100

if we cancel the 2 zeros of 30000 from the 100 we get that:

4347=300×7×T

4347=2100×T

4347÷2100 =T

we get that 4347

-------. =2.07

2100

Then, Time = 2.07 years