How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
papay dey Answered question 7 days ago
Simple Interest Calculation
Simple interest formula:
Interest = (P × R × Time) / 100
Given values:
P = Rs. 450
R = 4.5% per annum
Interest = Rs. 81
Rearrange the formula to solve for Time:
Time = (Interest × 100) / (P × R)
= (81 × 100) / (450 × 4.5)
= 8100 / 2025
= 4
Time = 4 years
It will indeed take 4 years for the amount to yield Rs. 81 as interest.
papay dey Answered question 7 days ago
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