Question

In how much time will 1200 amount to 1726.50 at 9.75 % per annum simple interest​

Answer 1

Answer:

4.5 yrs

Step-by-step explanation:

Total interest: 526.50($)

Rate: 9.75 %

Principal: 1200 ($)

Find the interest of one year using forrmula = P×N×R

                                                                             100

                                                                        SI= 1200×1×975

                                                                                  100

                                         SI of one year is 117 ($)

Total no.of years=

526÷117=4.5

THE BORROWER HAD THE MONEY FOR 4.5 YRS.

# MARK ME AS BRAINLIEST USER WITHOUT FAIL #

## DO NOT FORGET ##