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.
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Answer:
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Step-by-step explanation:
rate 1%
amount 2950
original amount = total - intrest
14750 - 2950
=11800
so if we go to 1% rate on this be 118 rs
so month of borrowed money = 2950/118
= 25 month or two years and one month
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