Question

In what time will a sum of 8000 amounts to 8360 at 6% per annum simple interest

Answer 1

Step-by-step explanation:

Amount = Principal+Interest

Interest= (P×t×r)/100

Here, P=8000, r=6% per annum, Amount=8360

∴, 8360=8000+{(8000×t×6)/100}

or, 8360=8000+480t

or, 480t=8360-8000

or, 480t=360

or, t=360/480

or, t=3/4 years

or, t=3/4×12 months

or, t=9 months Ans.

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Answer 2

Answer:

9 months

Step-by-step explanation:

6% SI on 8000 for 1 yr = 480

if 480 yr is accrued in 1 yr then 360 can be accrued in 9 months