Question

How long will it take for a sum of R.S 12,600/- invested at 9% per annum become to R.S 15,624?​

Answer 1

Hey mate ,

Given ,

P ( principle amount ) = 12600

A ( Amount ) = 15624

R ( Rate of interest) = 9% per annum

HThus we know ,

S.I. = A - P = 15624 - 12600 = Rs 3024

Thus ,

S.I. = P×R×T / 100

3024×100 = 12600×9×T

T = 3024/(126×9)

T = 3024/1134

T = 2.67 Years ( Approx)

Hope you find it helpful!!!

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Answer 2

Answer:

13.7 years

Step-by-step explanation:

Given:

Principle = Rs. 12,600

Rate of interest = 9%

Simple interest = Rs. 15,624

We know that,

Simple interest = P*T*R/100

15,624 = 12600*T*9/100

15,624 = 1134*T

T = 15624/1134

T = 13.7 years