In how many years will the interest of a sum of rs 3600 at the rate of 5.5% per year be rs 594?
1 answer:
Answer:
In 3 years, the interest of a sum of rs 3600 at the rate of 5.5% per year be Rs 594.
Step-by-step explanation:
T = ?
R = 5.5%
P = Rs 3600
I = Rs 594
so
T = (I×100)/(P×R)
or, T = (594×100)/(3600×5.5)
or, T = 59400/19800
so, T = 3 yrs
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