Question

In what time will ₹ 10000 amount to ₹ 12000, if simple interest reckoned at 8% per annum
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Answer 1

Step-by-step explanation:

si = 12000 - 10000 = 2000

p = 10000

r = 8% = 8/100 =0.08

si = pnr

2000 = 10000 ×n x 0.08

2000/800 = n

n= 2.5 years = 2 years 6 months

Answer 2

Answer:

2.5 yrs

Step-by-step explanation:

Simple interest = (Principle × Time × Rate) / 100

Simple interest = Amount - Principle

Simple interest = 12000 - 10000 = 2000

Therefore the equation obtained,

2000 = (10000 × time × 8) / 100

2000 × 100 = (80000 × time)

200000/80000 = time

2.5 = time

Please verify the answer, it may be wrong