Question

in what time will ruppess 7500amount to ruppess 8625 if simple interest is reckoned at 14/2 percent per annum ​

Answer 1

Answer:

Time = 2 Years and 6 months

Step-by-step explanation:

Amount = 8625

Principal = 7500

Interest = 8625 - 7500 = 1125

Rate = 14/2 = 7%

$I = \frac{P*T*R}{100}$

$T = \frac{I*100}{P*R} =\frac{1125*100}{7500*7} = \frac{15}{7} = 2\frac{1}{2}$

Time = 2 Years and 6 months