Question

Ryan borrowed 12,000 from a friendat a rate of 7.5 p.c.pa for certain period he paid Rs 1800 as interest find the period of the transaction​

Answer 1

Answer: 2 years

Step-by-step explanation:

Here,

principle amount is 12000

Rate is 7.5%

Time is to be calculated

Interest paid is 1800

Substitute all values in formula for simple interest, as shown in the picture..