Question

Find the time when Rs 6540 amounts to Rs 8447.50 at 12(1/2) % per annum . (Please show me step by step how to calculate)

Answer 1

I dont know the answer gf

Answer 2

Given principal = 6540, A = 8447.50, Rate = 12(1/2) = 25/2%.

Now,

We know that SI = A - P

= > 8447.50 - 6540

= > 1907.5.

We know that SI = PTR/100

= > T = SI * 100/P * R

= > T = 1907.5 * 100 * 2/6540 * 25

= > T = 381500/163500

= > T = 2.33 years.

Hope this helps!