Question

In what time Rs.450 amount to Rs.459 at 4 %p.a.

Answer 1

S.I. = Amt - Principal

= 459 - 450

= 9

S.I. = P*T*R/100

9 = 450*T*4/100

T = 9 * 100 / 450 * 4

T = 1/2

Time = 1/2 yrs

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