Question

In what time will Rs. 7635 amount to Rs. 8456 at 5% per annum?

Plz answer this fast guys...​

Answer 1

Step-by-step explanation:

In case of Simple Interest

I = Rs. (8456-7635) = Rs.821

P= Rs. 7635

r(p.a) = 5%

t=? yr.

so, I=Prt

or, t = I/Pr = 821/(7635×5%) yr. = 82100÷38175 yr= 2.15...%...

if type of interest is not told .. then one must do Simple Interest