Question

In what period will rs 5200 amounts to rs 7384 at 12%per annum simple interest

Answer 1

Solutions :-

Some of the abbreviations used in the solutions are :-

Principle = p
Time = t
Rate = r
Simple Interest = S.I
Amount = A

Given :

p = Rs 5200
r = 12% p.a
A = Rs 7384

Find the Simple Interest :-

S.I = A - p
= Rs (7384 - 5200)
= Rs 2184


Find the Time :-

=> S.I = (p × r × t)/100
=> 2184 = (5200 × 12 × t)/100
=> 2184 × 100 = 62400t
=> 218400 = 62400t
=> 218400/62400 = t
=> 3.5 = t



Hence,
Time = 3.5 years or 3 years and 6 months.

Answer 2

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So, Thè Answer Is --

7384 - 5200 = 2184 simple Interest

simple Interest × 100/principal × Time

2184 × 100/5200 × 12 = 3.5 rate of Interest..

Total Answer ===>> 3.5 years

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