Question

in how many years will rs 750 amount to rs 900 at intrest of 12% annum?​

Answer 1

Answer:

We know, the total amount received at the end of duration of loan is the sum of principal amount and interest.

Thus, A = P + |

Here, A total amount

P = principle amount

1 = simple interest

Hence, Interest, I = total amount - principal amount

I= A - P

= 900 - 750

I = 150

Step 3: I, P and r are known, only one term is unknown time period, t

Therefore,

Step-by-step explanation:

Using Simple interest formula:

I = (Prt)/100

750 x 7xt

⇒150

=

100 100 × 150 ⇒ t =

750 x 7 100 x 150 ⇒ t =

750 x 7

20 7 ⇒ t = years

Or t = 2.85 years.

Step 4: Convert the fraction years of time

period into days.

1year = 365days

.

0.85years = 0.85 * 365days

= 310.25days

~ 311days