Question

in what time will 3600 amount to 4320 at 4% per annum simple interest?​

Answer 1

Answer:

The amount is given as Rs4320 and the principle is given as Rs3600 with the rate of 4%. Then, the simple interest will be,

S.I.=Amount−Principle

=4320−3600

=720

Now,

S.I.=  

100

P×R×T

​  

 

720=  

100

3600×4×T

​  

 

T=  

3600×4

720×100

​  

 

T=5years