Q.
Rs. 1150 become Rs. 1437.5 at 12% per annum simple interest. The time will be.____
120
135
Simple Interest and Compound Interest
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Answer: 2.08
Solution:
Here, P= Rs. 1150;A= Rs. 1437.5; R 12% p.a. S.I =A−P=Rs.(1437.5−1150)= Rs. 287.5
Let the time be ' T ' years
Then, T=P×R100×SI=1150×12100×287.5=2.08%