in what time will 7500 rupees amount to 8625 rupees, if simple interest is reckoned at 15/2% per annum
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Principal = ₹7500
Amount = ₹8625
SI = A-P
= ₹8,625 - ₹7,500
= 1,125
Rate = 15/2%
Time = (Sl×100)/(P×R)
= (1,125×100)/(7500×15/2)
= 2years
Amount = ₹8625
SI = A-P
= ₹8,625 - ₹7,500
= 1,125
Rate = 15/2%
Time = (Sl×100)/(P×R)
= (1,125×100)/(7500×15/2)
= 2years
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