Question

In how many years will Rs 6000 amount to Rs 6960 at 8%p.a.?
with workings do the sum

Answer 1

Answer:

2 YEARS

Step-by-step explanation:

PRINCIPAL = 6000

AMOUNT = 6960

RATE OF INTEREST = 8% PER ANNUM

SIMPLE INTEREST

=} AMOUNT - PRINCIPAL

=} 6960 - 6000

=} 960

TIME

=} S•I × 100 / P × R

=} 960 × 100 / 6000 × 8

=} 96000 / 48000

=} 2 ( 96000 GETS CANCELLED BY 48000 RESULTING IN 2 )

SO , THE AMOUNT WILL REACH 6960 IN 2 YEARS

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