Rate `=15%` p.a., P = Rs. 70000, A = Rs. 1,01,500. Find the time perio – InterviewSolution

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1.	Rate `=15%` p.a., P = Rs. 70000, A = Rs. 1,01,500. Find the time period.
Answer» Correct Answer - 3 years Rate`=15%`p.a.,P=Rs. 70000 A=1,01,500 `I=A-P=Ra.(1,01,500-70000)=Rs. 31500` `I=(PTR)/(100)` `T=(100I)/(PR)` `T=(100xx31500)/(70000xx15)=3` years

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