how long will it take for a sum of rupees 12600 invested at 9% per annum becomes rupees 15624
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Answer:
2 2/3 years
Step-by-step explanation:
principal = 12600
rate = 9%
Amount = 15624
Simple Interest = 15624-12600 = 3024
SI = PRT/100
3024= 12600*9*T/100
T= 3024*100/12600*9
T=2.66 OR 2 2/3 years
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