in how many years will a sum of rupees 7550 amount to rupees 7852 at 3% per annum simple interest please i will mark ❣️‼️ you brain list
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in how many years will a sum of rupees 7550 amount to rupees 7852 at 3% per annum simple interest please i will mark ❣️‼️ you brain list
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To calculate the time required for a sum of Rs. 7550 to amount to Rs. 7852 at a simple interest rate of 3% per annum, we can use the following formula:
Simple Interest = (P * R * T) / 100
where P is the principal amount, R is the rate of interest per annum, and T is the time period in years.
We can rearrange this formula to solve for T as follows:
T = (100 * SI) / (P * R)
where SI is the simple interest earned.
Substituting the given values, we get:
T = (100 * (7852 - 7550)) / (7550 * 3)
Simplifying the above expression, we get:
T = 1.33 years
Therefore, it will take approximately 1.33 years for a sum of Rs. 7550 to amount to Rs. 7852 at a simple interest rate of 3% per annum.
Step-by-step explanation:
To find the number of years it will take for a sum of Rs. 7550 to amount to Rs. 7852 at a simple interest rate of 3% per annum, we can use the formula:
\[ \text{Simple Interest} = \frac{{\text{Principal} \times \text{Rate} \times \text{Time}}}{{100}} \]
Let's calculate the time (in years):
\[ \frac{{7550 \times 3 \times \text{Time}}}{{100}} = 7852 - 7550 \]
Simplifying the equation:
\[ 226.5 \times \text{Time} = 302 \]
Now, let's solve for Time:
\[ \text{Time} = \frac{{302}}{{226.5}} \]
Calculating the value:
\[ \text{Time} \approx 1.33 \]
Therefore, it will take approximately 1.33 years for a sum of Rs. 7550 to amount to Rs. 7852 at a simple interest rate of 3% per annum.
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