Question

In what time will ₹ 8000 amount to ₹ 8480 at 6% p. a simple interest?​

Answer 1

Answer:

t=i×100/p×r

t= 480×100/8000×6

t= 1 yr

Answer 2

Answer:

as we all know

A=P+PNR/100

here,

8480=8000+8000×6×N/100

8480-8000=480×N

480/480=N

therefore, N=1