to how many tears will rs. 6500 amount to rs.7865 at 7% p.a. simple interest
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In 3 years Rs. 6500 amount to Rs.7865 at 7% p.a. simple interest.
Money = Rs.6500
Amounts to = Rs.7865
Rate of interest = 7%
In how many years Rs.6500 amount to Rs.7865 at 7% p.a. simple interest.
Here,
Principal (P) = Rs. 6500
Amount = Rs.7865
Rate of interest = 7%
As we know :
Amount = Principal + Simple Interest.
Simple Interest = Amount - Principal
We know that =
So, as we need to find the number of years, basically we need to find the 'Time'
In 3 years Rs. 6500 amount to Rs.7865 at 7% p.a. simple interest.
When we placed the value of T (3) we got the required answer - 1365.
In 3 years Rs. 6500 amount to Rs.7865 at 7% p.a. simple interest.
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