Question

Find the time in which * 2,000 will amount to 2,330 at 11% p.a.​

Answer 1

Step-by-step explanation:

A=P+SI

A=P+Pit

A=P(1+it)

2330=2000(1+0.11t)

2330/2000=(1+0.11t)

1.165=1+0.11t

0.165=0.11t

1.5=t

t=1 year 6 months

Answer 2

Answer:

1 year 6 months

Step-by-step explanation:

Principle = ₹2,000

Rate of Interest = 11% p.a.

Simple Interest = Amount - Principle

                         = ₹2,330-₹2,000

Simple Interest = ₹330                      .......(i)

We also know that: $S.I.=\frac{P*R*T}{100}$        ........(ii)

From (i) and (ii), we get;

$330 = \frac{2,000*11*T}{100}$ => Time = 1 year 6 months