Question

in what time will the simple interest on rupees 7560 be rupees 1102.50 at 13 by 4 % per annum

Answer 1

Answer:

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P=Rs.7560,S.I=1102.5 and R=

4

25

%

We have S.I=

100

PTR

⇒T=

PR

S.I×100

=

7560×

4

25

1102.5×100

=2.3years

=2years4 months since 1year=12months⇒0.3years=0.3×12=4months