rs 6000 amounts to rs 8940 at 14% p.a interest. find the number of years for which the amount was lent.
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Given
amount=8940
Principal=6000
Interest=A-P
=8940-6000
=2940
We know
I=PRT/100
2940=6000*14*x/100 (let no. of yrs be x)
2940=84000*x/100
2940*100=84000x
294000=84000x
x=294000/84000
=3.5 yrs
amount=8940
Principal=6000
Interest=A-P
=8940-6000
=2940
We know
I=PRT/100
2940=6000*14*x/100 (let no. of yrs be x)
2940=84000*x/100
2940*100=84000x
294000=84000x
x=294000/84000
=3.5 yrs
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