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