Asked by Haroon Gondal
In what time will Rs.1,800 yield simple interest of Rs.390 at the rate of 5% per annum?
Answers
Answered by
Henry
Same procedure as your previous post.
Answered by
Shashwat
Formula:-
(SI=PRT/100)
>SI-390
>P-1800
>R-5/365
390=1800*5*T/100*360(>>leave 5 days and add with the final result, its helps in easy calculation).
T=1560(and add 5 days with this result)
T=1560+5=1565.
T=1565 days,
x=4years=1460 days,
T-x=1565-1460=105 days,
105 days= 3months 5 days.
Result.:4 years 3 months & 5 days.
Final Ans-> 4 years & 3 months approx.
(SI=PRT/100)
>SI-390
>P-1800
>R-5/365
390=1800*5*T/100*360(>>leave 5 days and add with the final result, its helps in easy calculation).
T=1560(and add 5 days with this result)
T=1560+5=1565.
T=1565 days,
x=4years=1460 days,
T-x=1565-1460=105 days,
105 days= 3months 5 days.
Result.:4 years 3 months & 5 days.
Final Ans-> 4 years & 3 months approx.
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