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In what time will ₹13,000 lent at 4 per cent per annum on simple interest amount to ₹13,780? |
1 year 6 months 2 year 6 months 2 year 3 months 1 year 5 months |
1 year 6 months |
Amount = Principal + Interest 13780 = 13000 + Interest Interest = 780 We know , Simple Interest = \(\frac{Principal ×Rate × Time }{100}\) 780 = \(\frac{13000 × 4 × Time }{100}\) Time = 1.5 years = 1 year 6 months |
