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