In what time will Rs. 2000 amount to Rs. 3200 at 12% per annum simple interest?
Answers
Answered by
3
Step-by-step explanation:
Solution:
Simple interest = 27250 – 25000 = 2250
Time = 3 years.
SI = PTR / 100 → R = SI * 100 / PT
R = 2250 * 100 / 25000 * 3 → R = 3%.
Answered by
1
Answer:
5 years
Step-by-step explanation:
T= 100xSI / PxR
SI=3200-2000=1200
P=2000
R=12
T=100x1200/2000x12
(after simplifying...)
Time=5 yrs
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