Find the time (T), when
a) P = 1,000, R = 5% p.a., SI = 110
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Answer:
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Time = 2.2 years
Explanation :-
Given :-
- Principal (P) = Rs. 1000
- Rate of interest (R) = 5%
- Simple interest (SI) = Rs. 110
To Find :-
- Time (T) = ?
Solution :-
As we know that,
[ Putting values ]
Hence,
- The time is 2.2 years.
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