in how many years does the sum of 1200 became 1800 at the rate of simple intrest of 5% per annum
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Answered by
148
Answer:
- ➠ Amount = 1800
- ➠ Principle = 1200
- ➠ Rate = 5% per annum
- ➠ Time
- ➛ Substituting the values
- ★ Hence,The Simple Interest is 600.
- ➛ Substituting the values
- ★ Henceforth,The Time is 10 years.
★ Formula of Simple Interest (S.I)
★ Formula of Principle(P) if Amount and Interest given
★ Formula of Principle (P) if Interest,time and rate given
★ Formula of Principle (P) if amount,time and rate given
★ Formula of Amount if Principle (P) and Interest (I) given
Answered by
7
5 × 12 = 60 %
100 + 60 = 160 % = Rs 1 800 FV
PV 100 % = [100 ÷ 160] × Rs 1 800
= Rs 1 125
SI = FV - PV
=1 800 - 1 125
= Rs 675
Proof: I = Prt = 1 125 × 12% × 5 yrs
=Rs 675
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