In how many years will Rs. $750$ amount to Rs. $900$ at $4 %$ per annum?

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Solution

Here $P =$ Rs. $750$
$R = 4 %$ per annum
Amount $=$ Rs. $900$
S.I $=$ Amount $-$ P $= 900 - 750 =$ Rs. $150$
Simple interest $= \frac{P R T}{100}$
$\Rightarrow T = \frac{S . I \times 100}{P R} = \frac{150 \times 100}{750 \times 4} = 5$ years

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