Question

Rohit
lent ? 6,000 to Mohit at the rate of 6% per annum. Mohit returned back
6,975 to Rohit after a few years. Find out the time period.​

Answer 1

Step-by-step explanation:

• Did Rohit charge a simple interest or compound interest? Anyway, let's begin...
• 6975-6000=975 is the interest amount
• PRN/100= SI
• (6000 x 6 X N) / 100 = 975
• N = 97500/ 36000 = 2.70... 2 years, 7 months...