In what time will Rs.1600 amount to Rs.1768 at 6% per annum simple interest?
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Interest = Amount - Principle
= 1768 - 1600
= 168
Interest = Principle × Rate of Interest × Time /100
168 = 1600 × 6 × Time / 100
Time = 168/96
= 28×6/(16×6)
= 28/16
= (7×4)/(4×4)
= 7/4
= 1 3/4
Answer by @Neelraj
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