Question

How will it take for Rs7500 invested at the rate of 8% per annum S.I to amount to Rs8850

Answer 1

Answer:

2 years and 3 Months or 9/4 years

Step-by-step explanation:

Given:

P = Rs. 7500

A = Rs. 8850

S.I. = ?

R = 8%

T = ?

So,

S.I. = A - P

= 8850 - 7500

= 1350

Now by applying formula of simple interest:

$si = \frac{p \times r \times t}{100}$

So,

T = SI x 100 / P x R

$t = \frac{si \times 100}{p \times r}$

So,

$t = \frac{1350 \times 100}{7500 \times 8}$

So,

$t = \frac{9}{4} years$

So the time taken for the Rs 7500 to amount to Rs 8850 at the rate of 8% is

$2 \times \frac{1}{4} yrs$

i.e., 2 Years and 3 Months.

Hope it helps you.........