In what time will the interest on Rs 5000 amount to Rs 800 at 5 % per annum?
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Rate of interest: The interest paid on Rs.100 for one. ... Time is always taken according to the per cent rat. ... Find at what rate of interest per annum will $ 600 amount to $ 708 in 3 years.
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simple interest=ptr/100
800=5000*t*5/100
800*100/(5000*5)=t
t=16/5
t=3.2 years
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