Seema borrowed ₹ 12,000 from a friend at the rate of 712% p.a. For a certain period. He paid ₹ 1800 as interest. Find the period of this transaction?
Answers
Answered by
1
Step-by-step explanation:
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Answered by
1
Answer:
Rs.13891.5
Step-by-step explanation:
Principle = Rs 12000
Rate = 5% P.a.
Time = 3 years
⇒C.I=P(1+
100
R
)
T
⇒C.I=12000(1+
100
5
)
3
⇒C.I=12000(
20
21
)
3
=12000×
20
21
×
20
21
×
20
21
C.I=
2
3
×(21)
3
=Rs.13891.5
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