Question

On what date will Rs.1950 lent on 5th January 2011 amount to Rs.2125.50 at 5 per cent per annum simple interest

Answer 1

2125.50-1950.00= 175.50 is the interest...    now prt/100= 175.50  where p=1950 r=5% t to be calculated... and ans is 1.8 year.. so the answer is 6th sept 2012