Question

Question No. 10
In what time will *8000 amount to 18360 at 6% per annum simple interest?
O A)
8 months
OB)
9 months
OC)
1.25 years
OD).
1.5 years​

Answer 1

Answer:

(b) 9 months

Because, Given: – P = ₹ 8000, A = ₹ 8368, R = 6%

We Know That,

Amount = Principal (1+ ((Rate × time)/100)) = (8360/ 8000) = 1 + ((6 × t)/100) = (8360/ 8000) -1 = ((6 × t)/100) = t = [(8360 – 8000)/ 8000] × (100/6) = (360/8000) × (100/6) = (6/8) × 12 months = 9months