Question

In what time will the interest on rs.6000 become rs.1200 at the rate of 5% per annum

Answer 1

R=5%
P=6000
Si=1200
T=100×Si/p×r
T=100×1200÷6000×5
T= 4 years

Answer 2

I=P×T×R÷100

1200=6000×T×5÷100
1200=300T
T=1200÷300=4

So time =4 years

Hope it helps u