4. In what time Rs 1500 will become Rs 2040 at 8% per annum simple interest ?
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==>simple Interest= P×R×T/
==> 2040-1500= 1500×8×T/
==> 540= 12000×T/
==>540×100/12000= T
==>54/12 = T
==> 9/2 = T
==>4 and 1/2 years = T
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