10. Find Time when
() Principal = Rs. 6000, S.I. = Rs. 1052 and Rate = 8% p.a.
(it) Principal = Rs. 4000,Amount = Rs. 5450 and Rate = 12% p.a.
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➤ Given :-
Principle :- ₹ 6000
Simple Interest :- ₹ 1052
Rate of interest :- 8%
➤ To Find :-
Time of the first problem.............
➤ Formula required :-
➤ Solution :-
The time taken in the problem is 2.1 years.
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➤ Given :-
Principle :- ₹ 4000
Amount :- 5450
Rate of interest :- 12%
➤ To Find :-
Simple Interest on the second problem........
➤ Formula required :-
➤ Solution :-
Simple Interest :-
Now,
Time :-
The time taken in the problem is 30.2 years.
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Some related formulas………
Simple Interest :-
Principle :-
Rate of interest :-
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More to know…………
- Principle is the money borrowed as loan in some bank, ATM or from a person.
- Rate of interest is the extra amount should be given at end of time given. It is usually written in percentage form.
- Time is given for the borrower to return the money with some interest given. It is usually written in days, months and years.
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