Question

A business man borrowed some money at 1% per month. After some time, he settled the sentence by paying Rs 14750. If the interest amount was 2950, Find the time.​

Answer 1

Answer:

Time = (100 × interest)

_____________

(Principal × Rate)

T = (100 × 2950)

_____________

(14750 × 1)

= 295000

________

14750

= 20 years

time = 20 years

Step-by-step explanation:

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