Question

In what time will ₹1860 amount to ₹2641.20 at simple interest of per annum ?

Answer 1

Answer:

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Step-by-step explanation:

3.5 years

SI = 2641.20 – 1860 = 781.2 Rs.

Time = \frac{SI\times 100}{Princ.\times Rate}

= \frac{781.2\times 100}{1860\times 12} = 3.5 = 3\frac{1}{2}\ years