In what Time will Rs. 500 amount to Rs. 750 at 12 % per annum simple intetrest.
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Answer:
It will take 2 years and 6 months for Rs500 to become Rs 750.
Annum means annual, per year.
So, increase per year
= 12/100×500
=Rs 60.
Increase per month
= 60÷12
=Rs5
Time taken to make Rs 750.
= 750 ÷ 12
= 24.5 months
= 2year 6 months.
Step-by-step explanation:
That's your answer.
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