if principal=Rs 1200, amount is Rs 1776 and rate 12% per annum then time is
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Hope it helps!
Step-by-step explanation:
i would explain here also
they have given us the amount,principal and rate
and we have to find out time
We'll use the following formula to find time
Time = 100× Intrest/Principal×Rate
In this formula we are using interest so we need to find interest first
we are having principal and amount
so to find interest we will use Amount=Intrest+Principal
now, finding interest
1776 = Interest + 1200
Interest = 1776-1200
= 576
Now, Time= 100×Interest/Principal×Rate
= 100×576/1200×12
the zeros will be cancelled
after cancelling zero
we get 576/12×12
now 576 is divisible by 12
48/12 = 4
Time= 4 yrs/ months (according to your question in book)
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