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What is the time period for which Rs. 8000 amounts to Rs. 12000 at 20% p.a. of simple interest?
- a)4 years
- b)2.5 years
- c)3.25 years
- d)6 years
- e)None of these
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
What is the time period for which Rs. 8000 amounts to Rs. 12000 at 20%...
SI = PRT/100
Here, P = 8000, R = 20%, SI = 12000-8000 = 4000
So,
(8000*20*T)/100 = 4000 i.e.
1600T = 4000 i.e.
T = 4000/1600 = 2.5 years
Here, P = 8000, R = 20%, SI = 12000-8000 = 4000
So,
(8000*20*T)/100 = 4000 i.e.
1600T = 4000 i.e.
T = 4000/1600 = 2.5 years
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Community Answer
What is the time period for which Rs. 8000 amounts to Rs. 12000 at 20%...
Given, Principal (P) = Rs. 8000, Amount (A) = Rs. 12000, Rate of interest (R) = 20% p.a.
We know that,
Simple Interest (SI) = P * R * T / 100
where T is the time period in years.
To find T, we can use the formula,
T = (A - P) / (P * R / 100)
Substituting the given values, we get
T = (12000 - 8000) / (8000 * 20 / 100)
T = 2.5 years
Therefore, the time period for which Rs. 8000 amounts to Rs. 12000 at 20% p.a. of simple interest is 2.5 years. Hence, option (b) is the correct answer.
We know that,
Simple Interest (SI) = P * R * T / 100
where T is the time period in years.
To find T, we can use the formula,
T = (A - P) / (P * R / 100)
Substituting the given values, we get
T = (12000 - 8000) / (8000 * 20 / 100)
T = 2.5 years
Therefore, the time period for which Rs. 8000 amounts to Rs. 12000 at 20% p.a. of simple interest is 2.5 years. Hence, option (b) is the correct answer.
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