Rajinder lent a sum of 3200 to suresh at the rate of 6% interest per annum .Suresh paid rajinder rs 3680 to the clear the debt? how long did Suresh use rajinder's money ?
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two and half year suresh used rajinders money
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principle amount=3200
rate of interest =6% per annum
amount paid to clear depts= 3680-3200=480
simple interest for one year = 3200×0.06=192
now time period = 480/192=2.5 years
rate of interest =6% per annum
amount paid to clear depts= 3680-3200=480
simple interest for one year = 3200×0.06=192
now time period = 480/192=2.5 years
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