In how many years, a sum of 18,000 @ 1% be get an interest equal to ₹540.
Answers
Answered by
2
Answer:
rate=1%
Step-by-step explanation:
as we know,
Rate = interest×100÷principal×time
rate=540×100÷18000×3
rate=54×1÷18×3
rate=3÷3
rate=1%
Answered by
1
Answer:
3 years
Step-by-step explanation:
S.I. = (P×R×T)/100
540 = (18000×1×T)/100
540×100 = 18000T
54000 = 18000T
T = 54000/18000
T = 3
In 3 years, a sum of 18,000 @ 1% will get an interest ₹540.
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