If you have Rs. 12600 in your account and the interest rate is 5.5% after how many years would you earn Rs.4400 as interest?
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Answer: 6 years 3 months
Step-by-step explanation:
principal amount=12,600
rate = 5.5 %
simple interest=4,400
time = 12,600/100*5.5= 693
= 44000/693= 6.3 or six years three months
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