Question

Calculate in what period of time Rs. 6,600 will amount to Rs. 7,590 at 5% per annum

simple interest.​

Answer 1

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.................

Answer 2

Answer : 3 years

Step-by-step explanation:

Here,  P = Rs. 6,600

          A = Rs. 7,590

Therefore,  I =  A - P = 7,590 - 6,600 = 990.

Therefore, T = (100×I) / (P × R)

                    = (100 × 990) / (6600 × 5)

                    = 3 years