Question

Find the time.
Principal=$Rs600$
SI=$Rs12.60$
Rate p.a=$3.5\%$
Time =?

Answer 1

Given that,

$P=600$

$S.I=12.60$

$Rate=3.5$%

We know that,

Simple interst$=\frac{p\times r\times t}{100}$

$\begin{array}{c}12.60=\frac{600\times 3.5\times t}{100}\\ t=\frac{12.60\times 100}{600\times 3.5}\\ =\frac{1260}{2100}\end{array}$

$=0.6$ years