Problem Statement
Find the time if ₹7,500 amounts to a simple interest of ₹2,250 at 10% per annum.
Explanation
Time equals interest times one hundred divided by principal times rate. Two thousand two hundred fifty times one hundred over seven thousand five hundred times ten equals three years.
Code Solution
SolutionRead Only
T = SI×100/(P×R) = 2250×100/(7500×10) = 3
