Question

In what time will $Rs2750$ amounts to $Rs3575$, if simple interest is calculated at $10\%$ per annum ?

Answer 1

$P=Rs.2750,A=Rs.3575,t=10\%$

$A=P+\left(\frac{P\times r\times t}{100}\right)$

$3575=2750+\left(\frac{2570\times 10\times t}{100}\right)⟹t=3$

Hence, time$=3$ years.