Question

In what time will 7 7500 amount to * 8625, if simple interest is reckoned at 7% per annum?
7 1 / 2​

Answer 1

Answer:

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Step-by-step explanation:

The amount is given as Rs8625 and the principle is given as Rs7500 with the rate of

215 %. Then, the simple interest will be,

S.I.=Amount−Principle

=8625−7500

=1125

Now,

S.I.= 100P×R×T

1125=

2×100

7500×15×T

T=

7500×15

1125×200

T=2years

Answer 2

t = 2 years

Hence the time required to pay ₹7500 amount to ₹8625, if interest is reckoned at 7 1/2<%pa is 2 years.

Step-by-step explanation:

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