how long will it take for a sum of rs:12600 invested at 9percent per annum become to = 15624
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Answered by
276
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/ R x P
=3024 x 100/ 9 x 12600
=8/3 years
= 2yeara 8 months
hope this help you.....,
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