Find the time in which rupees 2000 will amount to rupees 2300 at 11% p.a
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Amount = SI + Principal
SI = Amt - Principal
SI = 2300 - 2000
SI = 300
SI= PRT/100
300 = 2000*11*T/100
300=20*11*T
300= 220 *T
T = 300/220 = 30/22 = 15/11 = 1.36 yrs
Therefore it would take 1.36 years for 2000 to amount to 2300
Hope it helps!!
SI = Amt - Principal
SI = 2300 - 2000
SI = 300
SI= PRT/100
300 = 2000*11*T/100
300=20*11*T
300= 220 *T
T = 300/220 = 30/22 = 15/11 = 1.36 yrs
Therefore it would take 1.36 years for 2000 to amount to 2300
Hope it helps!!
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