Question

In what time will 6,000 yield an
interest of 720 at 6% per annum
simple interest?​

Answer 1

Answer:20 years

Step-by-step explanation:

Here, P=6000

Interest amount=720

Rate=6%pa

T=?

SI=PTR/100

Or, 720=600×T×6/100

Or, (720×100)/(600×6)=T

Or, 720/36=T

Or, T=120/6=20years