Question

In how many years will Rs 800 yield an interest of Rs 144 at 6% per annum Simple i​

Answer 1

Answer:

3 years

Explanation:

Let the Time Period be T.

Principal (P) = Rs.800

Simple Interest (SI) = Rs.144

Rate (R) = 6%

SI = PRT/100

=> 144 = 800 x 6 x T/100

=> T = 144/48

=> T = 3 years