Question

3. In what time 600 will yield 48 interest at 4% p.a.?​

Answer 1

Answer:

2 years

How ?

Interest =

$pnr \div 100$

$48 = 600 \times n \times 4 \div 100 \\ 48 = 24n \\ n = 48 \div 24 = 2 \: yr$

Answer 2

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