Question

In what time Rs 2750 amount to Rs 3575 if simple interest is calculated 10% per annum

Answer 1

T = (SI *100) ) P*R

T = Time

SI = Simple Interest

P = Principal

R = Rate of interest

SI = A - P

A = Amount

SI = 3575 - 2750

SI = 825

P = 2750

R = 10

T = (825*100)/10*2750

T = 3 years

(Calculation )

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Answer 2

A = P + SI
A= P + PNR/100
A= P( 1+ NR/100)