find the number of year after which a sum of 3500 will become rupees 4390.40 rate of 12%
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find the number of year after which a sum of 3500 will become rupees 4390.40 rate of 12%
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Principle amt = P = 3500
Rate of interest = R = 12%
Time = t = ?
Amount = 4390.40
Interest = Amount - Principle
Interest = 4390.40 - 3500
Interest = 890.40
SI = PRt/100
890.40 = 3500 * 12 * t/100
89040 = 42000t
t = 89040/42000
t = 2.12 yrs
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