Question

In what period will Rs. $52000$ amounts to Rs $7384$ at $12\%$ per annum SI?

Answer 1

S.I. $=\frac{P\times R\times T}{100}$

(P$=$ principle, R$=$ rate, T$=$ Time)

$\Rightarrow T=\frac{7384\times 100}{52000\times 12}=\frac{142}{120}=1.18$ years.