Rs. 7500 becomes Rs. 9408 in a certain interval of time at the rate of 12% p.a.,C.I find the time
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Answer:
Amount (A) = Rs.9408
Principal (P) = Rs.7500
Rate (R) = 12% p.a.
Let the time be n.
A = P (1 + R/100)ⁿ
=> 9408 = 7500 (1 + 12/100)ⁿ
=> 9408/7500 = (112/100)ⁿ
=>
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