Find the time when: Principal = Rs 10,000, SI = Rs 2000 and rate = 5% p.a.
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Answer:
P=Rs 10000
R=5%
T=?
S.i=Rs 2000
Since,SI=PRT/100
Rs 2000=Rs 10000×5×T/100
Rs 2000=500T
T=2000/500
T=4 years
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