Find the time required for a sum of 15000 to amount to ₹ 19185 at 6.2% p.a. simple interest.
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Answer:
principal=15000
Amount=19185
S.I= AMOUNT-PRINCIPAL=19185-15000=4185
TIME=(100*SI)÷(PRINCIPAL*RATE)
(100*4185)÷(15000*6.2)
=4.5yrs
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