Question

In what time will the amount on 1500 at
4% be RS 1860?​

Answer 1

Answer:

SI = 2641.20 – 1860 = 781.2 Rs.

Time = \frac{SI\times 100}{Princ.\times Rate}

= \frac{781.2\times 100}{1860\times 12} = 3.5 = 3\frac{1}{2}\ years

Answer 2

Answer : 6 years ✔

Here, P = 1500, R = 4% and Amount = 1860

As we know that :

Amount = Principal + S. I.

=> 1860 = 1500 + S. I.

=> S. I. = 1860 - 1500 = 360 Rs.

Now, As we know that :

S. I. = (P × R × T)/100

=> 360 = (1500 × 4 × T) / 100

=> T = (360 × 100) / (1500 × 4)

=> T = 6 Years

So, in 6 years the amount on 1500 Rs. at 4% will be 1860 Rs. ✔

I hope it will be helpful for you ☺

Fóllòw Më ❤