Answer :
Answer:
24 months is a required time
Step-by-step explanation:
principal p=Rs 1000
time t=t/12 months
simple interest SI=Rs 1200-1000=rs200
rate r=10%
we have
SI=P×T×R/100
200=1000×T×10/100
200=100T
T=200/100=2years =2×12=24 months
Answer:
24 months is a required time
Step-by-step explanation:
principal p=Rs 1000
time t=t/12 months
simple interest SI=Rs 1200-1000=rs200
rate r=10%
we have
SI=P×T×R/100
200=1000×T×10/100
200=100T
T=200/100=2years =2×12=24 months