how long will it take for 6000 invested at the rate of 5 1/2%p.a simple interest amount to 7650
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Answer:
5 years
Step-by-step explanation:
SI = Amount - Principal
= 7650 - 6000
= 1650
Time = SI x 100/ Principal x Rate of Interest
= 165000/ 33000
= 5 Years
Therefore, the time for 6000 to amount to 7650 at the rate of 5 1/2% is 5 years
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