in how many year will Rs. 8000 amount to Rs. 9680 at 7% p.a. simple interest
Answers
Answered by
2
Answer:
In 3 Years
Step-by-step explanation:
For Ist Year=
8000*9/100=560
For 2nd year=
8000*9/100=560
For 3rd Year=
8000*9/100=560
Therefore 560+560+560=1680
So 8000+1680=9680
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Answered by
0
Answer:
Here is your answer
Principal = Rs. 8000
Amount = Rs. 9680
Rate of interest = 7% p.a
Time = ?
Now,
As we know that,
S.I = Amount - Principal
= Rs. 9680 - 8000
= Rs. 1,680
S.I = Rs. 1,680
Now,
As we know the formula,
time = \frac{100 \times si}{p \times r} \\ \\ = \frac{100 \times 1680}{8000 \times 7} \\ \\ = \frac{168}{56} \\ \\ = 3 \: years
Therefore, Time is 3 years.
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