In what time will Rs. 6400 amount to Rs. 7152 at the rate of 6% p.a?
Answers
Answered by
3
Step-by-step explanation:
SI-PRT/100
1152-6400*6*T/100 115200/38400=T
T=3 years
hope it helps you:)
Answered by
1
Answer :
- 47/24 years.
Given :
- Principal = Rs. 6400
- Amount = Rs. 7152
- Rate = 6%
To find :
- in what time will Rs. 6400 amount to Rs. 7152?
Solution :
⇒ Let's first find the Simple Interest.
→ Simple Interest = Amount - Principal
= 7152 - 6400
= 752
∴ Simple Interest = 752
→ Simple Interest = P × R × T/100
→ Time = 100 × Simple Interest/Principal × Rate
→ Time = 100 × 752/6400 × 6
→ Time = 75200/38400
→ Time = 47/24
→ Time = 47/24 years
- Therefore, the time is 47/24 years.
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