ln how many years will Rs 750 yield an interest of Rs 225 at 6%simple interest
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Answer:
Given :-
- A sum of Rs 750 yield an interest of Rs 225 at 6% simple interest.
To Find :-
- What is the time taken period.
Formula Used :-
Time Period Formula :
where,
- T = Time Period
- S.I = Simple Interest
- P = Principal
- r = Rate of Interest
Solution :-
Given :
- Principal = Rs 750
- Simple Interest = Rs 225
- Rate of Interest = 6% per annum
According to the question by using the formula we get,
The time period is 5 years .
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