Question

Rajinder lent a sum of ₹3200 to Suresh at the rate of 6% interest per annum. Suresh paid Rajinder ₹3680 to clear the debt? How long did Suresh use Rajinder’s money?

Answer 1

eAnswer is 5 years and 2 months

principal= ₹3200
Rate=6%
Amount=₹3680

At first we have to find out the simple interest

S.I=₹(amount-principal)
=₹(3680-3200)
=₹480

S.I ×100
Time=_________
P × R

480×100
=________
3200×6

=5/2
Therefore ,answer is 5years and 2 months