3. Over how many years does 3,50,000 to 469000 at 8.5%per annum
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Time = 100×SI/P×R
Here, SI=469000-350000=119000
P=350000
R=8.5%
So Time = (100×119000)/(350000×8.5)
= 11900000/2975000
=11900/2975
= 2380/595
=476/119
Time=4 years
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