p= 15000 r= 9% simple instrest= 10,800 find the time
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Answer:
If p= 15000 r= 9% simple interest= 10,800 then the time is 8 years.
Step-by-step explanation:
Given:
p= 15000
r= 9%
simple interest (i) = 10,800
Formula
Answered by
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Given: P = 15000 R = 9% simple interest = 10,800
We have to find the time.
As we know that the simple Interest of an amount is calculated by multiplying the interest rate by the principal amount and the time period.
The formula is used to calculate the simple interest is:
Where,
P = Principal Amount
T = Time in Years
R = Rate of Interest per Annum.
We are solving in the following way:
here,
P = 15000 R = 9% simple interest = 10,800
Now,
Hence, the time will be
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