Question

In how much time will Rs.5000 amount to 6450 amount add the rate of 12%

Answer 1

Answer:

Simple Interest = Amount – Principal Amount = 6450-5000.Simple Interest = 1450.

Simple Interest, SI = PRT/100 ;

1450 = 5000*12*T/100;

1450*100 = 5000*12*T;

60000T = 145000;

T = 2.416667;

T = 2years.416667*12 ; Therefore, Time = 2years 5 months