Question

wil
How er many years. ,
2900 yield on interest of
324
12% per annum
Simple interest​

Answer 1

Step-by-step explanation:

Simple interest = 324

Principle = 2900

Rate of interest = 12%

Years = ?

Let years = y

Simple interest = PNR /100

324 = 2900 x y x 12/ 100

324 = 29 x y x 12

324 = 348 x y

324/348 = y

2.931034 = y

Therefore, years = 3 ( approx)

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