how long will it take for a sum of 12,600/- investid at 9% per annum to become 15,624/-?
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Answer:
8/3hours
Step-by-step explanation:
Principle = Rs. 12600
Rate of interest per annum = 9%
Amount = Rs. 15624
Therefore,
S.I =amount - principle
=15624 - 12600
=3024
So,time = S.I x 100/ Rate x Principal
=3024 x 100/ 9 x 12600
=8/3 hours
It can also be written as 2 2/3 hours...
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