for how many years should rs9000 be deposited in a bank to get an amount of rs11160 at 8% per annum rate of simple interest?
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Answered by
12
Given, amount = 11160
Principal = 9000
Rate = 8%
Time = ?
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Interest = Amount - principal = 11160 - 9000 = 2160
SI = p.r.t/100
9000 x 8 x t /100 = 2160
t = 216000/72000
t = 3
Hence it will take 3 years time for 9000 to become 11160.
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Answered by
1
Answer:
Hence it will take 3 years time for 9000 to become 11160
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