In what time will 1200 amount to 1344 at 6%per annum

Answer 1

Interest = Final - Initial
= 1344 - 1200
= 144

Interest = Principal amount * Rate * Time
144 = 1200 * 0.06 * t
144/(1200*0.06) = t
144/72 = t
2 = t

The time is two years.

Answer 2

Good