Question

In what time will ₹16,500 amount to ₹22,935 at 13% per annum​

Answer 1

Answer:

p = 16500

A= 22935

I = 6435

Than,

I =( p*t*r) / 100

6435 = 16500 * t * 13

6435 = 214500t

t = 33.33

Answer 2

It takes 3 years for Rs 16500 amount to Rs 22,935 at 13% per annum​

Solution:

From given,

Principal = Rs 16500

Amount = Rs 22935

Rate of interest = 13 %

Number of years = ?

The simple interest is given as:

Simple interest = Amount - principal

Simple interest = 22935 - 16500

Simple interest = 6435

Simple interest is given by formula:

$Simple\ interest = \frac{p \times n \times r }{100}$

Where,

p is the principal

r is the rate of interest

n is the number of years

Substituting the values we get,

$6435 = \frac{16500 \times n \times 13}{100}\\\\6435 = 165 \times 13 \times n\\\\6435 = 2145 \times n\\\\n = \frac{6435}{2145}\\\\n = 3$

Thus number of years is 3

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