Question

2. in how many years will Rs 475 amount to Rs 532 at 4% per annum? plz fast i need it for my project.

Answer 1

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Answer 2

Amount = 532

Principal = 475

Simple interest = Amount - principal

= 532 - 475 = 57

SI = p.r.t/100

Where p is the principal, r is the rate and t is the time.

(475 · 4 · t) / 100 = 57

1900 t = 5700

t = 5700/1900

t = 3

So it will take 3 years time.