Question

If the maturity value is 120400 and if the p is 1600 and rate is 10 find time

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Answer 1

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Answer 2

Answer:

Step-by-step explanation:

Given that

Maturity value(A) = 120400

Principle(p) = 1600

Interest(i) = A-P

                =120400-1600

                =118800

Rate of interest(r) = 10%

Considering in the case of S.I

Time = i*100/pr(formula for time)

          =118800*100/1600* 10

          =11880000/16000

          =11880/16

          =74.25

          =74 years and 3 months(if in years)