In how many years will rupees 900 give rupees 351 as S.I. at 13 % per annum
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Answer:
Step-by-step explanation:
Simple Interest = Principal ( P ) × Rate % ( R ) × Time ( T ) / 100
According to the question,
Principal ( P ) = 900
Rate % = 13%
Simple Interest = 351
Time = ?
Substituting the values in the formula we get,
⇒ 351 = ( 900 × 13 × T /) / 100
⇒ 351 = ( 11700 T ) / 100
⇒ 351 = 117 T
⇒ T = 351 / 117
⇒ T = 3 years
Hence in 3 years, Rs. 900 will yield Rs. 351 as Simple Interest with 13 % per annum.
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