Question

How much time will it take for an amount of
$450 to yield $270 with simple interest 20%
per annum?​

Answer 1

Answer:

It will take 3 years.

Step-by-step explanation:

We know that the formula for Simple Interest is :-

SI = ( Principal * Time * Rate of Interest ) / 100

Time = (100*SI) / Principal * Rate of Interest

T = 100*270 / 450 * 20

T = 27000 / 9000

T = 3 years.

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Answer 2

Step-by-step explanation:

SI = PTR/100

T = 100/51

= 100*270/450*20

=27000/9000

= 3 yrs