Principal = 35000, Interest = *1050, Rate = 7% p.a. – InterviewSolution

1.

Principal = 35000, Interest = *1050, Rate = 7% p.a.

Answer»

Answer:

Time = 3/7 YEARS

Step-by-step EXPLANATION:

PRINCIPAL (P) = Rs.35000

Simple INTEREST (SI) = Rs.1050

Rate (R) = 7% p.a.

SI = PRT/100

=> 1050 = 35000×7×T/100

=> 3 = 7×T

=> Time = 3/7 years

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