Question

In how many years will Rs 12000 amounts to Rs 15600 at 10% simple interest ?

Answer 1

Step-by-step explanation:

Principal(P)= ₹12000

Amount(A)=₹15600= SI + P

Rate of intetest(R)=10%

SI=15600-12000= 3600

now ,SI = PxRxT)/100

=>3600=12000x10xT)/100

=>360000= 120000T

=>T=360000/120000

=>T= 3

therefore,Time=3years

Answer 2

Step-by-step explanation:

I x 100

P x R

15600 x 100

12000 x 10

156

12

= 13 years