Question

How long will it take for ₹ 700 invested at the rate of 9 % per annum to earn the simple interest of ₹ 315​

Answer 1

Step-by-step explanation:

Principal: 700

Rate per anum: 9

Simple interest: 315

let the time taken be T

now as per the formula:

S.I = PRT/100

315 = 700x9xT/100

T =

$\frac{315 \times 100}{700 \times 9} = 5$

Time required will be 5yrs

Answer 2

Step-by-step explanation:

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