Math, asked by khetanhimanshu7, 8 months ago

7. A farmer takes a loan of 8400 at the simple interest rate of 7% per annum. After what
2.
time will he have to pay 10 920 to clear the debt?​

Answers

Answered by sarkarharsh708
1

Answer:

4.29 years

Step-by-step explanation:

given, amount = 10920, principle = 8400, rate = 7% p.a.

SI = amount - p = prt/100

=> 10920 - 8400 = 8400×7×t÷100

=> 2520 = 84×7×t

=> t = 4.29 years

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