Question

in what time will rupees 1200 amount to rupees 1323 at 5% per annum when the interest is payable annually
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Answer 1

Step-by-step explanation:

1323-1200 = 1200× 5/100 × T

123= 60 × T

T = 123/60 = 2 + 3/60 yr or 2 yr 1/20 × 12 × 30 or 2 yr 18 days