given principle=15000, rate = 9 pcpa, simple interest= 10800, find the period
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Step-by-step explanation:
We know,
Simple Interest = Principle x Rate x Time / 100
=> 10800 = 15000 x 9 x T / 100
=> 10800 x 100 / 15000 x 9 = T
=> 1080 / 15 x 9
=> 8
Answer :- 8 Years
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