The simple interest on Ks. 15000 at 7% per annum for a certain time is Ks. 2100. Find the time.
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Answer:
time=s.l. ➗ rate of charge multiply ✖️ by principal amount
Step-by-step explanation:
Simple Interest is calculated using the following formula: SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period. Here, the rate is given in percentage (r%) is written as r/100. And the principal is the sum of money that remains constant for every year in the case of simple interest.
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