In how many months, the amounts of Rs1000 at the rate of 10% will be Rs1200?
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Answers
Answered by
2
Answer:
At 10% rate of simple interest will Rs.1000/- amount to Rs.1200/- in 2 years.
Step-by-step explanation:
SI = P*N*R/100
From the question,
P+SI=1200 , P=1000 & N=2
1000+SI=1200
That is SI=1200–1000
SI=200.
Now put all the above in the formula.
SI=PNR/100
200= (1000*2*R)/100
20000=2000R
Now, R = 20000/2000
R=10
So, At 10% rate of simple interest will Rs.1000/- amount to Rs.1200/- in 2 years.
I hope it will help...
Answered by
2
Step-by-step explanation:
SI=1200
P=1000
R=10%
NOW,
I=P×T×R/100
200= 1000×T×10/100
200=100T
T= 2
HPPE IT HELP YOU
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