Question

Rate (R) = 25/3
Interest = Rs. 350
(d) Principal = Rs. 2400

Find the time (t) ​

Answer 1

The value of t is 1.75 years.

Explanation:

Given that simple interest formula is I = (P×R×T)/100. So you have to substitute the following values into the formula :

`i = (prt)/(100)`

`let \: i = 350,p = 2400,r = (25)/(3)`

`350 = (2400 * (25)/(3) * t )/(100)`

`350 = (20000t)/(100)`

`350 * 100 = 20000t`

`20000t = 35000`

`t = 35000 / 20000`

`t = 35 / 20`

`t = 1.75 \: years`