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CBSE Class 7 Answered

In how many years will Rs. 900 yield an interest of Rs. 324 at 12% per annum simple interest?
Asked by Topperlearning User | 12 Mar, 2014, 04:36: PM
answered-by-expert Expert Answer

Here , 

P = Rs. 900

R = 12% p.a.

S.I. = Rs. 324

Using the formula, 

                                   324 = 108 x T 

Hence, T =  = 3 years

Answered by | 12 Mar, 2014, 06:36: PM

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