In what time will ₹25 become ₹37 at 16%p.a simple interest?
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Answer:
3 years
Step-by-step explanation:
Investment: ₹25
Rate: 16% pa simple = ₹25*0.16=₹4
Gain: ₹37- ₹25=₹12
Time: x
x=₹12/₹4=3 years
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