2. Find the time when
(a) Principal = Rs. 700
Simple interest = Rs. 78
rate 18% p.a
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Answer:
SI =P*R*T/100
GIVEN Principal = Rs. 700
Simple interest = Rs. 78
rate 18% p.a
SO
TIME=SI*100/P*R=78*100/700*18=78/126=13/21 years.
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