Answer:
The time period for the simple interest = 3 years.
Step-by-step explanation:
Principal = Rs 2550
Rate of Interest = 17.5%
Amount = Rs 3888.75
So, Simple interest = Amount - Principal
= Rs 3888.75 - Rs 2550 = Rs 1338.75
Now, SIMPLE INTEREST = [tex]\frac{P \times R \times T }{100}[/tex]
⇒[tex]T = \frac{SI \times 100}{P \times R}[/tex]
or, [tex]T = \frac{1338. 75 \times 100}{2550 \times 17.5} = 3[/tex]
⇒ T = 3 Years
Hence, the time period for the simple interest is 3 years.
