In how many years will the sum of 6400 rupees amount to 7552 rupees at the interest rate of 6% per annum?
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Answered by
14
Answer: ✨ 3 years
Step-by-step explanation:
Principle = 6400 rupees
Amount = 7552 rupees
Rate = 6% p.a.
Amount = Principle + Simple interest
7552 = 6400 + Simple Interest
Simple Interest = 7552 - 6400
Simple interest = 1152 rupees
Simple interest = Principle x Time x Rate / 100
1152 = 6400 x Time x 6 / 100
Time = 1152 x 100 / 6400 x 6
Time = 115200 / 38400
Time = 3 years
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