In what time will ₹ 10000 amount to ₹ 12000, if simple interest reckoned at 8% per annum
Answers
Answered by
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
Answered by
0
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
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