Find the simple interest. What was the rate of interest? In how many years will the principal and interest be equal?

Rs 1800 was given as a loan to Suresh at a simple rate of interest for 2 years. He paid a total of Rs 2232.

Express in terms of [tex]I, T[/tex] and R, where the symbols have their usual meaning. Find the simple interest. At what rate of interest had [tex]R[/tex] been given the loan? In how many years will the principal and interest be equal?
Ans: (a) [tex]P=\frac{1 \times 1}{T \times}[/tex]

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Answered by belieberfaith | 2024-12-23