Find the time in which 2000 will amount to2330 at 11%
prat0507:
Simple interest or compound interest
I'm answering if it is Simple interest
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it's answer is easy peasy
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Answer:
Step-by-step explanation:
Given ->
Rate= 11%
Principal = 2000
Amount = 2330
Therefore, Interest = Amount - Principal
= 2330-2000
= 330
We know that,
S.I = P×R×T/100
Putting the values given in the formula,
330= 2000×11×time/100
330×100/2000×11= time
= 1.5 or 1 and half years
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