Question

In what time will the amount on ₹ 1500 at 4% be ₹1806​

Answer 1

Solution

given , amount = Rs . 2641.20

P= Rs. 1860

R= 12% p.a.

T= ?

S.I. = A-P

= 2641.20 - 1860

= Rs. 781.20

Now,

T= S.I × 100

P×R

781.28×100

1860×12

651

186

= 3.5

TIME = 3.5 YEARS

= 3 YEARS 6 MONTHS