Question

In how many years will rs.1100 yields rs.264 as simple interest at 12% p.a.?​

Answer 1

Answer:

P = Rs. 1,800, A = Rs. 2,700,

T = 10 years.

I = A - P = 2700 - 1800 = Rs. 900

R=

P×T

100×I

=

1800×10

100×900

=5%