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A sum of ₹2,500 yields an interest of ₹800 in 4 years. How many years will it take for 4,000 to yield an interest of ₹960 at the same rate of interest? please answer fast and explain with explanation and do not type unusual words for getting point |
| Answer» FIRST we FIND RATE of interest. R=SI*100/PTSo, SI*100=800*100=80000P*T=2500*4=10000R=80000/10000=8%Now, we find tT=SI*100/PR=960*100/4000*896000/32000=96/32=3Hence time is 3 years. | |