Question

i) ₹700 is invested at 7% per annum simple interest. How long will it take for the
amount to reach ₹784?

Answer 1

12/7 will it taken for amount to reach.

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Answer 2

Answer:

$\frac{p \times r \times t}{100}$

$\frac{700 \times 7 \times t}{100} = 784 - 700$

$\frac{700 \times 7 \times t}{100} = 84$

$7 \times 7 \times t = 84$

$t = \frac{84}{7 \times 7}$

$t = 2$

hence it will take 2 years for ₹700 to reach ₹784

Explanation:

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