39. The time in which Rs 50 amounts to Rs 55 at 4% simple interest is?
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Answer:
Time=2.5 years
Step-by-step explanation:
Principal=50₹
Amount=55₹
Interest=Amount-Principal
=55-50
=5₹
Time=Interest×100/Principal×Rate
=5×100/50×4
=2.5 years
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