Find the time in which ₹ 1,200 will amount to ₹ 1,536 at 3.5% per year.

Question

KnowledgeBoat · Accepted Answer

Given: P = ₹ 1,200 R = 3.5% A = ₹ 1,536 As we know, ∵ A = P + S.I. ⇒ ₹ 1,536 = ₹ 1,200 + S.I. ⇒ S.I. = ₹ 1,536 - ₹ 1,200 ⇒ S.I. = ₹ 336 Let time be years. Hence, the time is 8 years.

Mathematics

Find the time in which ₹ 1,200 will amount to ₹ 1,536 at 3.5% per year.

Simple Interest

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