How many years will it take for Rs.8,400 to amount to Rs.11,928 at a simple interest rate of 7% per annum?
How many years will it take for Rs.8,400 to amount to Rs.11,928 at a simple interest rate of 7% per annum? Optionsa) 6b) 2c) 8d) 5 Solution As per questionP = 8400R = 7%T = ?S.I = Amount – principalS.I = 11928 – 8400S.I = 3528S.I = $ \frac{P \times R \times T}{100}$3528 = $