Question

In how many years will Rs.35000 will amount to Rs.87500 at 10% p.a. simple interest?
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Answer 1

Answer:

Simple Interest =Amount - Principal

Simple Interest=₹87500 - ₹35000

=₹52500

we know that,

Simple interest=P×R×T/1000

₹52500=₹35000×10×T/100

T=52500×100/35000×10

T=525/35

T=15

Therefore,Time=15 years

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