Question

In how many years would the simple interest of a sum of Rs.7,800 at 5.5% per year be Rs.1,716?

Answer 1

Answer:

I don't know this solution but my teacher teach this in below

Step-by-step explanation:

The amount is given as Rs4320 and the principle is given as Rs3600 with the rate of 4%. Then, the simple interest will be,

S.I.=Amount−Principle

=4320−3600

=720

Now,

S.I.=

100

P×R×T

720=

100

3600×4×T

T=

3600×4

720×100

T=5years