47. In how many years will the interest on 3 25,000 at 10 p.c.p.a.
be equal to the principal?
(2) 12 years
(1) 10 years
(3) 15 years
(4) 5 years
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Given, Principal(P)= Rs 6000
Rate of interest (R)=10%
Time=1 year
Interest =
100
P×R×T
=
100
6000×10×1
= Rs 600
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