Question

In what time will Rs 1000 amount to Rs 1200 at 8 percent per annum S.I?

Answer 1

p= 1000
r=8%
t=t
amount=1200

a = p×r×t/100
1200=1000×8×t/100

t =15

Answer 2

P=1000
A=1200
R=8
T=?

SI=A-P
=1200-1000
=200
T=SI*100/P*R
20000/8000
= 20/8
= 2.5 years