Math, asked by lalharshkrsingh, 11 months ago

find the time after which rupees 500 will earn simple interest rupees 80. 50 at 11% per annum

Answers

Answered by michaelmorganna

1

Answer:1.464years

Step-by-step explanation:

Interest(I) = (Principal(P) * Time(T) * Rate(R))/100

hence

T = (I * 100)/P*R

T= (80.50*100)/(500*11)

T = 8050/5500

T= 1.464years

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