how long will it take for ₹6000 invested at the rate 51/2% p.a, simple interest amount to ₹7650
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Answered by
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Answer:
P = 6000
Interst = 7650 - 6000 = 1650
Rate = 11/2 % = 5.5 %
6000 x 5.5/100 x period ( T) = 1650
330 x T = 1650
T = 1650/330 = 5 years
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