Question

1.how long will it take for a sum of ₹ 12600 invested at 9% per annum become to ₹ 15624?​

Answer 1

Answer:

=2 years 8 months.

Step-by-step explanation:

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

​  

 

=2 years 8 months.

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