1.

In how many years will sum of Rs 4000 yield an interest of Rs. 1080/- at 9% p.a?

Answer»

3 YEARS



P = Rs.4000/- 

T = ? 

R = 9

I = Rs.1080/- 

I = PTR/100 

T = I*100/PR 

T = 1080*100/400*9 
T = 3 years 



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