Question

joy borrowed 3500rs from a bank and paid 630rs as simple interest at the rate of 9% per annum. for what period did he borrow the money?

Answer 1

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Answer 2

Answer:

2 years

Step-by-step explanation:

principal=3500

interest=630

rate =9%

interest = (principal*rate*time)/100

time= (interest*100)/(principal*rate)

      =    (630*100)/(3500*9)

      = 63000/31500

      = 2 years