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How long will it take for a sum of 12600 invested at 9 percent per annum becomesto 15624 |
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Answer» We have, PRINCIPAL,P=Rs.12600 RATE,R=9% AMOUNT,A=Rs.15624 We KNOW that A=P+S.I ⇒15624=12600+S.I ⇒S.I=15624−12600=3024 Now, S.I= 100 PRT
⇒T= P×R S.I×100
= 12600×9 3024×100
=2years8months. |
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