Question

In how many years will Rs 1200 amount to Rs 1440 at 4%per annum simple interest?

Answer 1

Hey buddy

Hope this helps ...

Principal= Rs. 1200
Rate = 4%
Amount= Rs. 1440
Therefore, S.I = Rs. (1440-1200)
= Rs. 240

Or, Time = S.I ×100 / P×R

Or,
$\frac{240 \times 100}{1200 \times 4}$
= 5 yrs

Have a nice day ...