In what time will rs.1860 amount to rs.2278.50 if simple intrest is calculated at 9 per anum.
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Answer:2.5 years
Step-by-step explanation:
P = 1860
Amount = 2278.50
SI = Amount - Principle
= 2278.50-1860
= 418.5
R = 9% p.a.
SI = P x R x T/100
418.5 = 1860 x 9 x T/100
418.5 = 16740 x T/100
418.5 * 100 = 16740 x T
41850 = 16740 x T
41850 / 16740 = T
T = 2.5 years
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