Question

Find the simple interest of rupees 12000 invested at 8% per year is rs 6720 find the no of years​

Answer 1

`\large \mathfrak{Solution : }`

According to formula :

`\boxed{ \boxed{simple \: \: interest = (p * r * t)/(100) }}`

• 
  `6720 = (12000 * 8 * t)/(100)`

• 
  `6720 = 120 * 8 * t`

• 
  `t = (6720)/(120 * 8)`

• 
  `t = 7\: \: years`