Question

how long will it take for a sum of rs:12600 invested at 9percent per annum become to = 15624

Answer 1

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.....,

Answer 2

Answer:

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