Question

In how many months the amount of RS 1000 at the rate of 10% will be RS 1200​

Answer 1

P=RS1000

R=10%

T=?

COMPOUND AMOUNT=RS 1200

I=1200-1000=RS200

IF IT IS SIMPLE INTEREST

T={I×100}/(P×R)=(200×100)/(1000×10)=20000/10000=2YEARS=2×12=24MONTHS