Question

In what time will Rs 1200 amount to Rs 1344 at 6% per annum?

Answer 1

I hope it helps you ..........

Answer 2

Solutions :-

Given :

Principle (p) = Rs 1200

Amount (A) = 1344

Rate (r) = 6%

Let the time be t

Find the Simple Interest (S.I) :-

S.I = A - p

= Rs (1344 - 1200)

= Rs 144

Now,

Find the time :-

We know the formula =>

S.I = (p × r × t) /100

A/q

=> 144 = (1200 × 6 × t)/100

=> 144 × 100 = 7200t

=> 7200t = 14400

=> t = 14400/7200 = 2

Hence,

The time is 2 years