In how many years does the sum of 1200 become 1800 at the rate of simple intrest 5percent per annum
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Answer:
10 year
Step-by-step explanation:
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 SIMPLE INTEREST
Total amount = principal + simple interest
1800 = 1200 + simple interest
simple interest = 1800 - 1200
simple interest = 600
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