Dheeraj gland a sum of money lend a sum of money of RS 2100 to Vinod at the rate 6% per year if Vinod paid him and interest of rupees 378 how many years did binod use the money

Dear Student,

Please find below the solution to the asked query:

We know formula for simple interest :

S.I. = P × R  × T100 , Here P  = Principle amount = Rs. 2100 , R = Rate of interest = 6 % and T  = Time ( In years ) , So

378 = 2100 × 6  × T100378 = 21 × 6  × T378 = 126 × TT = 3 years                        (Ans )
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