in how much time will 1200 give you a simple interest of 480 at 8% p.a.
Answers
Answered by
10
Answer:
5 years
Step-by-step explanation:
Principal (P) = 1200
S.I. = 480
Rate = 8%
Time (T) = ??
S.I. = P * R * T
100
480 = 1200 * 8 * T
100
48000 = 1200 * 8 * T
T = 48000 / 1200 * 8
T = 5
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