Question

In how much time will rupees 3720 amount to rupees 528 2.40 at 12% per annum simple interest ​

Answer 1

answer:

principal = 3720

amount =5282.40

so,SI = amount - principal

SI = 5282.4 - 3720

SI = 1562.4

now,SI = P×R×T/100

1562.4 = 3720×12×T/100

T = 1562.4×100/3720×12

T = 3.5

ans. time = 3years 5month