Business Studies, asked by jackie5526, 1 year ago

In what time will rs.1,600 amount to rs.1,768 at 6% per annum simple interest?

Answers

Answered by hemu29
3
hope it help u........
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Answered by Anonymous
2

Explanation:

Hey...!!!

Principal = Rs 1600

Amount = Rs 1768

So, S.I = amount - principle

= 1768 - 1600

= 168

Rate of interest per annum = 6%

So! Time = (S.I x 100) / ( P x R )

= ( 168 x 100) / ( 1600 x 6)

= 1.75

So, Time = 1.75 years

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