how much time will the simple interest on 800 at 12.5% per annum be 125 ?
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Answer:
Hi ,
Principal = P = Rs 800
Rate of interest = R = 12.5% per annum
Interest = I = Rs 125
Let the Time = T years
We know that ,
I = PTR / 100
T = ( 100 × I ) / ( PR )
T = ( 100 × 125 )/ ( 800 × 12.5 )
After cancellation , we get
T = 10 / 8
T = 5/4 years
T = 1 year 3months
I hope this helps you.
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