In how many years will Rs 6000 amount to Rs 7620 at the rate of 6% per annum
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Answer:
4.5 years
Step-by-step explanation:
Interest = P*R*T/100
years = time = T
Interest = Amount - Principle
Interest = 7620 - 6000
Interest = 1620
1620 = 6000*6*T/100
1620*100/6000*6 = T
162000/36000 = T
162/36 = T
4 1/2 = T
T = 4 years 6 months
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