Question

find the time in which rs 2000 will amount to ra 2330 at 11% pa

Answer 1

time=1.5 years in which rs2000 will amount to 2330

Answer 2

Answer:1.5 years

Step-by-step explanation: Interest=Amt-Principal

=2330-2000

=Rs. 330

Now, using formula

Time=I*100/Rate*Principal

=330*100/11*2000

On solving this,we get-

Time=1.5 years.