In how many years will 7500 amount to 9000 at 4% p.a. simple interest
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2
Answer:
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Answered by
3
Answer:
5 years
Step-by-step explanation:
principal = 7500
Interest = 9000-7500 = 1500
we know, interest = principal × rate × time
or,I = Pnr
or, 1500 = 7500 ×4/100× n
or, 1500= 300n
or, n=1500/300
or, n= 5 years (ans)
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