Question

find no.of years and simple interest if amount = 1786, principal = 1600 and rate of interest is 6% p. a.​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Given :-

If amount = 1786, principal = 1600 and rate of interest is 6% p. a.

To find :-

Number of years and simple Interest

Solution :-

• Amount = Rs.1786

• Rate of interest = 6 %

• Principal = Rs.1600

As we know that

→ Amount = Principal + simple Interest

→ 1786 = 1600 + S.I

→ S.I = 1786 - 1600

→ S.I = Rs.186

Now,

→ Simple interest = Principal × rate × time/100

→ 186 = 1600 × 6 × T/100

→ 18600 = 9600 × T

→ T = 18600/9600

→ T = 186/96

→ T = 31/16 years

Hence,

• Time is 31/16 years