Sam borrowed some money from his friend at a simple interest of 6% per annum. He returned $ 15600 to his friend. After how much time did Sam return the money if he borrowed $ 12000?
[Note - I need step - by - step explanation]
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Sam borrowed some money from his friend at a simple interest of 6% per annum. He returned $ 15600 to his friend. After how much time did Sam return the money if he borrowed $ 12000?
[Note - I need step - by - step explanation]
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Answer:
( p) = 12,000 Rs
Rate = 6 P. C. P. A
time = ?
amount = 15,6000
so,
interest = Amount - principal
interest = 15,600 , 12,000
I = 3600
since,
( P*R*T) : 100=1
T= i*100
p* R
3600*100
----------------
12000*6. =5
time = 5 years.
Answer:
5 years
Step-by-step explanation:
Principal (P) = 12,000 Rs
Rate (R) = 6% p.a.
Time (T) = ?
Amount = 15,600 Rs
so,
Interest (I) = Amount - Principal
Interest = 15,600 - 12,000
I = 3600
Since,
(P x R x T) ÷ 100 = I
T =
\frac{i \times 100}{p \times r}
p×r
i×100
\begin{gathered} = \frac{3600 \times 100}{12000 \times 6 } \\ = 5\end{gathered}
=
12000×6
3600×100
=5
Time = 5 years
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