Question

in what time will Rs 1000 amount to Rs 1131 at 10% p.a C.I

Answer 1

Principle = rs 1000
Amount = rs 1131
So,S.I = amount - principle
=1131 - 1000
=131
And, rate of interest per annum = 10%
Therefore, time = S.I x 100 / rate x principal
=131 x 100 / 10 x 1000
=131/100
=1.31
Hope it helps...!!!