Find time, when principal = Rs. 1000, rate = 5% per annum and simple interest = Rs. 200
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Answer:
Step-by-step explanation:
Principle = p = 1,000
Rate of interest = 5%
Time = 't'
Simple interest = 200
SI = p × i × t
200 = 1000 × 5% × t
200 = 50 t
50t = 200
t = 200 ÷ 50 = 4
So the time is 4
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