7. How much time will 2160 take to amount to 3168 at 6 2/3 % per annum?
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Answer:
Step-by-step explanation:
principle=2160
amount= 3168
interest= a-p
i= 3168-2160
therefore, interest is 1008
time= interest ×100/ principle × rate
x= 1008 × 100/ 2160 × 20/3
x= 504/ 72
therefore, time taken is 7 years
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