ow many years will 6,000 amount to 8,160 at the rate of 8% p.a. by simple interest?
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In how many years will 6,000 amount to 8,160 at the rate of 8% p.a. by simple interest?
Amount 1 = 6000
Amount 2 = 8160
Rate = 8 %
Simple Interest = 8160-6000 =2160
Time = S.I × 100 / 6000 × 8
= 4.5 years
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Some formula :-
- S I = P×R×T / 100
- Amount = P(1+RT)
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