in how much time will the simple interest on $5600 at 13%p.a. become $1820
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Step-by-step explanation:
In simple interest we will learn about how to calculate simple interest. We will recapitulate the formula for simple interest and know more about it. When we borrow money from any source (bank, agency, moneylender), we have to pay back the money after a certain period along with extra money for availing the facility to use the money borrowed.
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