Question

find the time in which rs 2000 will amount to rs 2330 at 11%p.a​

Answer 1

Answer:

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Answer 2

Answer:

1½ years

Step-by-step explanation:

Let the time taken be x years

SI = ₹(2330-2000) = ₹ ₹330

If calculated by SI formula

Then, the time taken =

$330 = \frac{2000 \times 11 \times x}{100} \\ ⇒330 = 220x \\ ⇒x = \frac{330}{220} = \frac{3}{2}$

Therefore, time taken = 3/2 years = 1½ years