Question

In how many years will rs 6000 amount to rs 7620 at the rate of 6% per annum?​

Answer 1

Answer:

Principal Amount = Rs. 6000

Amount = Rs. 7620

Interest = (Amount - Principal)

= (Rs. 7620 - Rs. 6000)

= Rs. 1620

Rate per annum = 6% = 6/100

Time = (1620 X 100)/(6000 X 6) years

= 162/36 years

= 54/12 yrs

= 4 yrs 6/12 yrs

= 4yrs 6 months