Question

find the intrest on rs 5000 at 5 % of 20 years

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Answer 1

Answer:

Here P = $ 500, R = 8% p.a A = $ 580

Therefore S.I = A - P = $ (580 - 500) = $ 80

Therefore T = (100 × S.I)/(P × R) = (100 × 80)/(500 × 3) = 2 years

Explanation:

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