Question

RS 624 for
$3 \times \frac{1}{2} \%$
p.a. is Rs 9.10


find the time.
​

Answer 1

Answer:

1. 1.97 years

2. 2 years

3. 0.42 years

Step-by-step explanation:

Time =  

1. Amount (P) = ₹ 6400

Rate (R)=  % = 4.5%  

Simple interest (S.I.) = ₹ 1008

Time (in years) =  

                        = 3.5 years

2. Amount (P) = ₹ 500

Rate (R)= 5%  

Simple interest (S.I.) = ₹ 50

Time (in years) =  

                        = 2 years

3. Amount (P) = ₹ 624

Rate (R)= % = 3.5%  

Simple interest (S.I.) = ₹ 9.10

Time (in years) =  

                        = 0.42 years