In how much time will a sum of Rs 10200 amounts to Rs 19125 at the rate of 12.5 percent per annum at simple interest? |
6 years 5 years 8 years 7 years |
7 years |
Principal = Rs 10200 Amount = Rs 19125 Interest= Amount - Principal = 19125-10200 = Rs 8925 Rate = 12.5% Interest= \(\frac{Principal ×Rate ×Time }{100}\) 8925 = \(\frac{10200×12.5× t}{100}\) ∴ time= 7 years |