Question

In what time will the simple interest on ra640 amount to RS 192 at 15 percentage per year​

Answer 1

2 years

Explanation:

Simple Interest formula is given as:

I = P × R × T

P = 640

I = 192

r = 15% = 0.15

Hence, to find time we use the formula

T = I/P × R

T = 192/640 × 0.15

T = 192/96

T = 2 years

Therefore, it will take 2 years .