Question

In how many years does the sum of $1200 become $1800 at the rate of simple interest of 5% per annum ?​

Answer 1

Answer:

10 Years

Step-by-step explanation:

Given,

Principal = Rs 1200

Total amount = Rs 1800

Rate of interest = 5 % per annum

Number of years = ?

STEP 1:

FIND THE SIMPLE INTEREST

Total amount = principal + simple interest

1800 = 1200 + simple interest

simple interest = 1800 - 1200

simple interest = 600

STEP 2:

FIND THE NUMBER OF YEARS

Thus it takes 10 years for sum of ₹ 1200 become ₹ 1800 at the rate of simple interest of 5% per annum

Answer 2

Step-by-step explanation:

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