Please answer the 5th question
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Given:-
Amount = Rs. 35664
Principal = Rs. 25600
Simple Interest = Amount - Principal = Rs. 10064
Rate = 37/4 %
Formula:-
Simple Interest = (P × R × T) / 100
10064 = 256000 × 37/4 × (T/100)
1006400 = 6400 ×37 × T
Or, 1006400 = 236800 × T
T = 1006400 / 236800 = 4 1/4 = 4.25
Answer: Hence, required time will be 4.25 years or 4 1/4 years.
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