In what time will ₹3600 amount to ₹ 4320 at per annum simple interest?
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Answer:
hey i dont know how much rate of interest so i am just randomly taking 8%
if u take 8% then the answer is 2 and a half years
Step-by-step explanation:
Principal ( p ) = Rs 3600
Amount ( A ) = 4320
Rate of interest ( r ) = 8%
Time = t years
Simple interest ( I ) = A - p
I = 4320 - 3600
= Rs 720
t = ( 100 × I )/pr
= ( 100 × 720 ) / ( 3600 × 8 )
= 5/2
= 2 1/2 years
hope it helps!!!!
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