in what time will RS 1,860 amount to RS 2,641.20 at simple interest of 12% per annum solution
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Answer:
3.5 years
Explanation:
Given:
Principal (P) = Rs 1860
Interest Rate (R) = 12 %
Amount = 2641.20
•°• SI = 2641.20 -1860
= 781.20
Hence, SI = 781.20
To find ; Time =?
According to the Statement!
We know that Formula of simple interest;
SI = P× R× T/100
=> 781.20 = 1860 × 12 × T/100
=> 781.20 × 100 = 22,320 × T
=>78120 = 22,320 × To
=> T= 78120/22,320
•°• Time = 3.5 Years!!
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