In how much time will simple interest on Rs.800 at 12.5% p.a be Rs.100?
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Answer:
1 year / 12 months
Step-by-step explanation:
This is by a class 7 child so yes it is correct
first - principle=800
intrest=100
rate = 12.5
so time
I*100 / 800 *12.5
after canceling we get
100/8*12.5
so multiple both up and down by 10
100*10/8*12.5 *10
(to remove decimal)
then 100 * 10/ 8*125
so ans is 1 nothing left so 1 year or 12 months
i hope it is correct
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