Question

in how many years will ₹2400 amount to₹ 3552 at 12%rate of simple interest.​

Answer 1

Answer:

4 years

Step-by-step explanation:

As The principal value i.e. actual value is 2400

The total value afree some years is 3552

rate at which money increase per year is 12%

As we know simple interest= total value - actual value

= 3552 - 2400

= 1152

As we know

simple interest=principal value * time * rate/100

1152 = 2400*12*t/100

= 4 years

Answer 2

Given,

• The Principal = ₹2400

• At The Rate = 12% p.a.

• The Amount Given = ₹3552.

To Find,

• The Time Period in years.

Solution,

As given,

• P = ₹2400,
• R = 12% p.a.,

And,

• Amount = ₹3552.

As we know,

• S.I. = A - P

Let substitute the given values,

• •➤ S.I. = ₹3552 - ₹2400
• •➤ S.I. = ₹1152

Hence, The Simple Interest is ₹1152.

As we know,

• S.I. = [ P × R × T ] / 100

Let substitute the values and Finding the 'T ',

• •➤ ₹1152 = [₹2400 × 12 × T ] / 100
• •➤ 1152 = 24 × 12 T
• •➤ T = 1152/288
• •➤ T = 4 years

Therefore, The period is 4 years.

Required Answer,

• In 4 years ₹2400 will amount to ₹ 3552 at 12% rate of simple interest.