P=2600 T=? R=4% I-200
Answers
Answer:
time = Simple interest × 100
___________________
Principal × rate
= 200 × 100
_________
2600 × 4
= 50/ 26 = 25 / 13 = 1 + 12/13
Step-by-step explanation:
how do we get 50/ 26
we divided 2600 by 100 which is 26 so denominator becomes 26 × 4 ( 4= rate ) and nominator becomes 200 ( Simple intrest )
then, we divide 200 by 4 which results in 50 so nominator then becomes 50 which is equals to 50/ 26 and then we simplify it and to simplify it we divide it with 2 , which results in 25/13 which then becomes 1 + 12 / 13
Given:
Principal as 2600, rate of interest as 4% and Simple interest after some time period as 200
To Find:
The total time period
Solution:
We are given with principal amount, rate of interest and simple interest and we need to find the time period, we can solve the sum by using the formula for simple interest that is,
where,
P= principal amount
R= rate of interest
T= time period
I= Interest
Now we put all the values and calculate the value for T,
So the time period comes as 1.9 years or approximately 23 months.
Hence, the time period is 23 months or 1.9 years.