In what time the simple interest accrued on a sum of 35000 at the rate of 13% per annum becomes 27300?
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Answer:
S.I = (p×t×r) ÷ 100
S.I=Amount-Principal
=35000-27300
=7700
therefore, 7700=(27300×t×13) ÷100
=> t= 7700×100÷(27300×13)
=> t= 7 ⁹/13 hr
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