Question

How much time will it takes for amount of rs 900 to yield rs 81 as interest 4.5%?

Answer 1

Given:

I=81

P=900

R=4.5

T=? Let T = x

As we know,

I = P*R*T/100

81= 900*4.5*x/100

81*100 = 900*4.5X

8100/900 = 4.5X

9/4.5 = X

X= 2

So it will take 2 years to get 81rs as intrest.