Find the time period when RS 600 amounts to RS 840 at 2% simple interest
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Step-by-step explanation:
P = ₹ 600
A = ₹ 840
T = 2%
•°• SI = A - P
= ₹ (840 - 600)
= ₹ 240
•°• T = (100 × SI) / (P × R)
= (100 × 240) / (600 × 2)
= 24000 / 1200
= 20
Hence, the time is 20 years.
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