Question

In how many years will the interest of a sum of rs 3600 at the rate of 5.5% per year be rs 594?​

Answer 1

In 3 years, the interest of a sum of rs 3600 at the rate of 5.5% per year be Rs 594.

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