Question

Question No. 26
In what time will Rs.36000 amount to Rs.50400 at 8% simple interest, per annum?
3yrs.
4yrs.
5yrs.
None of these​

Answer 1

Answer:

5 years

It will take 5 years

Step-by-step explanation:

Given:

Principal (P) = Rs.36,000

Amount (A) = Rs.50,400

Rate of Interest (R) = 8%

To Find :

Time (T) = ?

Solution :

Find the Interest

⇒ SI = Amount - Principal

⇒ SI = 50,400 - 36,000

⇒ SI = 14,400

Now,

Find the time

⇒ T = (100 × SI) / (Principal × Rate)

⇒ T = (100 × 14,400) / (36,000 × 8)

⇒ T = 1440000 / 288000

⇒ T = 5

Therefore,

It will take 5 years