in what time 1250 will amount to 1400 at 6%p.a. s.i.
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2 yrs is the answer......
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Here's your answer
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Let , the time = t years
Given , amount ( p ) = 1250
Interest ( I ) = ( 1400 - 1250 ) = 150
Rate per annum ( r % ) = 6 %
°•° It's a simple interest so as the formula ,
I = p t r / 100
=>> t = I × 100 / p r
=>> t = 150 × 100 / 1250 × 6
=>> t = 2 [ • See the attachment ]
So , Required time is ( t ) = 2 years [ ★ Required answer ]
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Hope it helps!!
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