Question

in what time will rs 1860 amount to rs 2641.20 at 12% per annum simple interest

Answer 1

Principal = rs. 1860

Amount = 2641.20

Rate of interest = 12%

Amount = rs. 2641.20

P (1+R/100)^T = 2641.20

1860 (1+12/100)^T = 2641.20

(1+12/100)^T = 2641.20/1860

Apply this formula you will get answer.

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