find the time period when the principle is ₹4000, interest is is ₹360, and rate of interest is 3% p. a.
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Answer: 3 yrs.
Step-by-step explanation:
Principle= Rs.4000
Simple interest=Rs. 360
Rate of interest= 3℅
Time= Simple Interest×100/Principle×Rate of interest
= 360×100/4000×3
=36000/12000
= 3
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