.Given: A = P ( 1 + /100 ) . Find the value of t, when A = 2000, P = 1600, r =5
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Answer:
P = 1600
R = 5%
T = ?
Amount = P + interest
Interest =(P×R×T)/100
= 1500 × 5×T /100
= 7500T/100
= 75T
Amount = 2000
= 1600 + 75T = 2000
= 75T = 400
= T = 16/3 years
In months = 16/3 × 12 = 64 months
Time = 64 months = 5 years , 4 months
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