how much time it take for a sum of ₹1000 to give ₹250 as a interest at 25℅ simple interest ler anum
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It will take 1 year for a sum of Rs. 1000 to give Rs. 250 as interest at 25℅ per annum.
Step-by-step explanation:
To calculate the time required for an amount to give a definite simple interest we can use the formula:
Given:
Principal: Rs. 1000
Simple Interest: Rs. 250
Rate: 25%
Substituting:
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