In how many years will rs 1000 amount to rs1400at the rate of per anum simple interest?
themonotonuspan:
What is the interest rate?
4%
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R = Rate
A = Amount
P = Principle
I = Interest
T = Time
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R = 4%
A = ₹1400
P = ₹1000
I = ₹1400 - ₹1000 = ₹400
T = ?
SI = P*R*T/100
T = SI*100/P*R
T = 400*100/1000*4
T = 40000/4000
T = 40
So, it would take 40 years for ₹1000 amount to ₹1400.
R = Rate
A = Amount
P = Principle
I = Interest
T = Time
-------------------------------------------
R = 4%
A = ₹1400
P = ₹1000
I = ₹1400 - ₹1000 = ₹400
T = ?
SI = P*R*T/100
T = SI*100/P*R
T = 400*100/1000*4
T = 40000/4000
T = 40
So, it would take 40 years for ₹1000 amount to ₹1400.
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Ans is 1400 is the ans
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