Question

Find the time period of this : principal=₹6240, simple interest=₹91,rate of interest=3.5 percent.if the answer is 5 months or 5/12 years what are the steps??​

Answer 1

Answer:

5/12 years

Step-by-step explanation:

We know that

SI = P * T * R / 100

~ T = SI * 100/ P * R

T = 91 * 100/ 6240 * 3.5

T = 9100/ 21840

T = 5/12 years or 5 months