Question

The interest on ₹3800will amount to ₹ 60.80 at 4%

Answer 1

Here is your answer,
the main price is ₹3800 and the interest is ₹60.80 at 4%annum
Imagine the time of the interest is t years.
therefore, According to the question,
$\frac{(3800 \times 4 \times t)}{100} = 60.80 \\ or \: \: 3800 \times 4 \times t = 6080 \\ or \: \: t = \frac{6080}{(3800 \times 4)} \\ or \: \: t = \frac{38}{95} years$