Question

In how many years will Rs 700 yields an interest of Rs 210 at 15 % p.a simple interest?

Answer 1

Answer:

Step-by-step explanation:

Amount P = Rs 700

Rate of interest = R  

Time = T = 3 Years

Yield = Rs 210

=> Simple interest = Rs 210

Simple interest = P * R * T /100

=> 210 = 700 * R * 3 /100

=> 210 = 21 * R

=> 10 = R

=> R = 10