Question

In how many years will ₹12,000 amounts to ₹15,600 at 10% simple interest?​

Answer 1

Answer:

A=15600. P=12000 R=10%

N=?

Step-by-step explanation:

A =P×N×R/100

15600=12000×N×10/100

15600=1200×N

N=15600/1200

Therefore, N=Time or years taken=13

In 13 years 12000rs. amounts to 15600rs. at a rate of 10%