Question

Interest on Rs5000 at the rate of 8 p.c.p.a for------------years is Rs1200.
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Answer 1

3%,

rate of interest=x

5000*8*x/100=1200

x=1200*100/5000*8=3%

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Answer 2

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The answer is 3 Years

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Step-by-step explanation:

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Principal = 5000

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Rate % = 8 %

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Time = ?

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Simple Interest = 1200

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$simple \: interest \: = \: \frac{p \times r \times t}{100} \\ \\ 1200 = \frac{5000 \times 8 \times t}{100} \\ \\ 1200 \times 100 = 5000 \times 8 \times t \\ \\ \frac{120000}{5000 \times 8} = t \\ \\ \frac{120000}{40000} = t \\ \\ 3 = t \\ \\ t = 3 \: years \\ \\ this \: is \: your \: required \: answer$

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