How long will it take for ₹ 1860 invested at the rate of 9.5% per annum simple interest to amount to ₹ 2449?
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Answer:
3 years 4 months
Step-by-step explanation:
Principal (P) =Rs.1860
Amount (A) =Rs.12449
S.I.=A−P=Rs.2445−Rs.1860=Rs.589
Rate(R)=9.5%p.a.= 19/2 % p.a.
∴Time= S.I. x 100 / P x R
= 589×100×2 / 1860×19
= 10/3 years.
= 3 1/3 years = 3 years 4 months
(Pls mark me as brainliest)
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