Question

in how many years will rupees 1100 produce rupees 264 as simple interest at 12% p.a.​

Answer 1

Step-by-step explanation:

interest = prt/100

according to question

p = 1100

r = 12 %

interest = 264

so put the values in above formula

264 = 1100 × 12 × t/100

t = 264 × 100 / 1100 × 12

so t = 2 year

so 1100 rupee will give 264 as interest in 2 years at the rate of 12 percent