In what time will Rs. 8000 amount to Rs. 8360 at 6% per annum at simple interest?
a) 8 months b) 9 months c) 13 years d) 17 years
Answers
Answered by
1
Answer:
Time=9 months
Step-by-step explanation:
is the correct answer
Answered by
1
Given : Rs. 8000 amount converts to Rs. 8360 at 6% per annum at simple interest
To Find : Time period
Solution:
P = 8000 Rs
R = 6 %
T = ?
A = 8360
SI = A - P = 8360 - 8000 = 360 Rs
SI = P * R * T /100
=> 360 = 8000 * 6 * T /100
=> 360 = 480 * T
=> T = 3/4 year
=> T = 9 months
Hence 9 months
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