Question

In what time will 175000 amount to 19336 at 6% per annum​

Answer 1

Step-by-step explanation:

Simple Interest = (Principal× rate of interest× Time) / 100

Given, Amount (SI) = 19336

Principal = 175000

ROI = 6%

Then,

19336 = (175000 × 6 × R ) / 100

R = (19336 × 100) / 175000 × 6

= 19336 / (1750 × 6)

= 19336 / 10500

= 1.84