how long will it take for rupees 1860 invested at the rate of 9.5 per annum simple interest to amount to rupees 2449?
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Answer:
Step-by-step explanation:
A = Rupees 2449
P = Rupees 1860
R = 9.5 %
I = A - P
I = Rupees 2449 - Rupees 1860
I = Rupees 589
T = I × 100 ÷ P × R
T = 589 × 100 ÷ 1860 × 9.5
T = 58900 ÷ 17670
T = 3.3333333333
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