In how many years will rupee 3,650 amount to rupees 4,526 at the rate of 6% p.a ???
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Answered by
36
Principal = 3650
Amount = 4526
Rate = 6%
Time = t, let
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Interest = Amount - principal
= 4526 - 3650
= 876
SI = p.r.t/100
876 = 3650.6.t/100
3650.6.t = 87600
t = 87600/21900
t = 4
So it will take 4 years time.
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Answered by
19
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