Question

In how many years will 5,860 amount to 7681 at the rate of 6% per annum?​

Answer 1

Answer:

P = 5860

R = 6

Amount = 7618

S. I = Amount - Principle

= 7618-5860

= 1758

S. I = P x R x T / 100

1758 = 5860 x 6 X T /100

1758 = 586 x 6 x T / 10

1758 x 10 = 3516 x T

17580/3516 = T

5 Years = T