PLEASE GIVE ME SOLUTION OF THIS PROBLEM SUM
NALINI DEPOSITED ₹40,000 AT 8% SIMPLE INTEREST AND EARNED ₹56,000 AS AMOUNT. FIND THE TIME PERIOD
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Step-by-step explanation:
si=(p*r*t)/100
t=si*100/(p*r)
first we will find the p,p=a-si
56000-40000=16000
t=40000*100/16000*8
t=31.24yrs
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