In what time will the interest on Rs 6000 become Rs 1200at the rate of 5% per annum

Asked by yashwanthyash535 | 17th Dec, 2018, 08:18: PM

Expert Answer:

P = Rs. 6000, SI = Rs. 1200, r = 5% per annum
SI = Pnr/100 = 6000 × n × 5/100 = 300n
SI = 1200
300n = 1200
n = 4 years

Answered by Sneha shidid | 18th Dec, 2018, 01:12: PM