Find the time period.
p=₹ 6600, I =₹ 792, R=₹4% p.a.
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Answered by
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T=SI*100/P*R
T=792*100/6600*4
T=3years
T=792*100/6600*4
T=3years
Answered by
48
Answer :-
Given :-
- Principal = ₹ 6600
- Simple interest = ₹ 792
- Rate of interest = 4% p.a.
To Find :-
- Time period
Solution :-
We know that,
Simple interest = P × R × T / 100
Substituting the value in formula -
➩ 792 = 6600 × 4 × T / 100
➩ 792 = 66 × 4 × T
➩ 264 T = 792
➩ T = 792 / 264
➩ T = 3
Time period = 3 years
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