how long will it take for rupees 700 invested at the rate of 9% Anant on the simple interest of 315
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Solution :
➡️ Formula for calculating time = S.I × 100 / P × R
I.e , Simple interst × 100 / principal × Rate per annum
➡️ Time = 315 × 100 / 700 × 9
= 5
➡️ Hence, it will take 5 years.
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