Question

In how many years will rupees 7500 amount to rupees 11100 at 12 per cent per annum?

Answer 1

Step-by-step explanation:

Principal(p) = ₹7500

Amount = ₹11100

Rate(r) = 12%

Time(t) = ?

S.I. = Amount - Principal

= ₹11100 - ₹7500

= ₹3600

$si \: = \: \frac{p \times r \times t}{100}$

$₹3600 = \frac{7500 \times 12 \times t}{100}$

$₹3600 \: = 75 \times 12 \times t$

$₹3600 = 900 \times t$

$\frac{36000}{900} = t$

$4 = t$

Time = 4 years

Hope it will help you!!