Calculate in what perioud of time Rs 6600 will amount to Rs 7590, at 5% per annum simple interest
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Answer:
Amount=7590
Principal=6600
Simple Interest =7590-6600=990
Rate of Interest = 5%
990=6600x5xT
------------------
100
By cancelling zeros =
990=66x5xT
----------------
100
T=990
--------
66x5
T=990
--------
330
Time period = 3 years
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