Question

In time will 8000 amount to 8360 at 6 percent annum in simple entrest

Answer 1

Solution :

Principal (P ) = Rs8000

Amount (A) = Rs8360

Simple interest (I) = A - P

= 8360 - 8000

= Rs 360

Rate of interest (R) = 6%

Time = T year's

We know that ,

(PTR)/100 = I

=> T = ( 100 × I )/( PR )

= ( 100 × 360 )/( 8000 × 6 )

= 36/(8×6)

= 6/8

= 3/4 years

= ( 3/4 ) × 12 months

= 9 months

••••

= 0.75