Question

Interest on rs.5000 at the rate of 8 p.c.p.a. for ______ year is rs.1200​

Answer 1

Answer:

15167 in 15 years

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Answer 2

Given :-

• Principal = Rs.5000 .
• Rate = 8% per annum .
• Interest = Rs.1200 .

To Find :-

• Time = ?

Solution :-

we know that, when rate is at simple interest per annum ,

• Time = (Simple interest * 100) / (Principal * Rate) .

putting all values we get,

→ T = (1200 * 100) / (5000 * 8)

→ T = (120 / 5 * 8)

→ T = 120/40

→ T = 3 years (Ans.)

Learn more :-

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