How long will it take for an amount of 1,962 to yield 264.87 at the interest of 4.5% per annum (simple interest)?
Answers
Answered by
2
answer
3
solution
264.87=1962×4.5×t/100
=264.87×100=1962×4.5×t
t=2648÷8829
t=3
mark me as brilliant
and like the answer
Answered by
3
Answer:
It takes 3 years .
Step-by-step explanation:
Given:
Principal=Rs. 1962
Interest =Rs. 264.87
Rate of interest=4.5%
Simple Interest=(Principal× Rate of interest × Time)/100
Time=(Simple interest× 100)/(principal× rate of interest)
=(264.87×100)/(1962×4.5)
=26487/8829
=3
Similar questions