find the time when P is equal to rupees 6400 are is equal to 6% p.a. simple interest is equal to Rupees 1152
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Explanation:
Given :
- Principal (P) = Rs. 6400
- Rate of interest (R) = 6 %
- Simple interest (SI) = Rs. 1152
To Find :
- Time, t.
Formula to be used :
- SI = P × R × t/100
Solution :
★Time,
SI = P × R × t/100
⇒ 1152 = 6400 × 6 × t/100
⇒ 1152 = 38400 × t/100
⇒ 1152 = 384 × t
⇒ t = 1152/384
⇒ t = 3 years
Hence, t is equal to 3 years.
Know to more:
- CI = [P(1 + R/100)^t - P]
- Difference = CI - SI
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