Q3 of 59 Page 16

In what period will ₹ 5,200 amounts to ₹ 7,384 at 12% per annum simple interest?

Simple interest (SI)

Here,


SI = 7384-5200


= 2184


Principal amount (P) = Rs.5200


Rate of interest = 12%


Time (T) =



= 3.5 years


∴ Time period = 3.5 years


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