in what time will rs. 25,600 amount to rs.35,664 at the rate of 9 1 by 4 % p.a
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the answer is 4.25 is the time
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Question :-
In what time will Rs. 25,600 amount to Rs.35,664 at the rate of 37/4 % per annum .
To solve this we need to know :-
S.I = Amount - Principal
S.I = (Principal × Rate × Time) / 100
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Given :-
- Principal = Rs. 25600
- Amount = Rs. 35664
- Rate = 9 1/4% = 37/4 %
Now, Finding S.I that is simple interest
S.I = Amount - Principal
= 35664 - 25600
= 10064.
S.I = (Principal × Rate × Time) / 100
Now the 4 in Numerator of the fraction can be bought to denominator so, let's do that
∴ The time required is 4.25 .
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