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Find the time when: Principal = Rs. 6000, Total Amount = Rs. 9000, and rate = 10% per annum.

User WindyB
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Final answer:

By using the simple interest formula, we can calculate that the time taken for a principal of Rs. 6000 to grow to a total amount of Rs. 9000 at a rate of 10% per annum is 5 years.

Step-by-step explanation:

To find the time it takes for a principal of Rs. 6000 to grow to a total amount of Rs. 9000 at a rate of 10% per annum, we can use the simple interest formula: Total Amount = Principal + (Principal × Rate × Time). Given that the Total Amount is Rs. 9000 and the Principal is Rs. 6000, and the Rate is 10%, or 0.10 when expressed as a decimal, we can set up the equation as follows:

9000 = 6000 + (6000 × 0.10 × Time)

After simplifting the equation, we get:

3000 = 6000 × 0.10 × Time

To isolate the Time variable, we divide by 600 and the rate:

Time = 3000 / (6000 × 0.10)

Time = 3000 / 600

Time = 5 years

So, the time taken for the amount to grow from Rs. 6000 to Rs. 9000 at a 10% per annum interest rate is 5 years.

User Francesca
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