How long will it take for an investment of Rupees 3000 at 8% per annum simple interest to earn R960 interest

Answers (1)
S safeer

8%3000 is 0.08 x 3000 = 240 rupees. So the amount of interest for 1 year=240 rupees

Time taken to get 960 rupees = 960/240=4 years

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