Question

In how many years the interest on rs 3000 will be rs 600 at the rate of 8%?

Answer 1

Answer:

Step-by-step explanation:solution

here,

principal amount=rs 3000

interest=rs 600

rate=8%

we know,

interest =( p*t*r)/100

so,

600 = (3000*t*8)/100

therefore t=(30*8)/600

=4 months

Answer 2

Answer:-

T = 2 years 6 months

Given:-

P = ₹ 3000

S. I = 600

R = 8%

To find :-

Time taken .

Solution :-

By using the formula of simple interest :-

$\boxed{\sf{ S. I = \dfrac{P\timesR\timesT}{100}}}$

Now, put the given value,

$\implies$ $600 = \dfrac{3000 \times 8 \times T}{100}$

By using cross multipication,

$\implies$ $600 \times 100 = 24,000T$

$\implies$ $60,000 = 24,000T$

$\implies$ $T = \dfrac{60,000}{24,000}$

$\implies$ $T = 2 years 6 months$

hence, time taken is 2 years 6 months.