principal=5000 amount = 6450 rate 12% find time
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Simple Interest = Amount – Principal Amount = 6450-5000.Simple Interest = 1450.
Simple Interest, SI = PRT/100 ;
1450 = 5000*12*T/100;
1450*100 = 5000*12*T;
60000T = 145000;
T = 2.416667;
T = 2years.416667*12 ; Therefore, Time = 2years 5 months
Simple Interest, SI = PRT/100 ;
1450 = 5000*12*T/100;
1450*100 = 5000*12*T;
60000T = 145000;
T = 2.416667;
T = 2years.416667*12 ; Therefore, Time = 2years 5 months
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