Question

Sonu has placed rs500 in
a saving account that pays 8% simple interest
How long will it be
in month's
until the
investment amount to rs
530​

Answer 1

Step-by-step explanation:

Hope it's helpful...!❣️

Answer 2

Answer:

9 MONTHS

Step-by-step explanation:

Sonu has placed principal = rs500 ina saving account

rate of interest =8% simple interest

amount = rs 530

Time t= ?

interest A-P= 530-500=30

I=PTR/100

30= 500 X T X 8 /100

T= 30 X 100/(500X 8)

= 3/4 YEARS

= 3/4 X 12 MONTHS

= 9 MONTHS