In how many years will ₹ 600 amount to ₹ 840 at 3% p.a. simple interest ?
intelligentboy56:
S.I. = amount - principal = 840 - 600 = 240 , s.i = p × r / 100 , 240 = 600 × 2 / 100 = 20 years
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In 8 years
Principal=600
Amount=840
Rate=3%
SI=PTR/100
SI=A-P
=840-600=240
SO
240=600×T×3/100
T=240/18
=40/3
=13YEAR4MONTH
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