principal =2750rupees,rate=10%,interest=825rupees find the time
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Given :-
- Principal (P) = Rs 2750
- Rate (R) = 10%
- Simple Interest = Rs 825
To Find :-
- Time (T)
Solution :-
➞ Simple Interest = P × R × T / 100
➞ 825 = 2750 × 10 × Time / 100
➞ 825 = 275 × 10 × Time / 10
➞ 825 = 275 × Time
➞ 825 / 275 = Time
➞ 3 years = Time
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Verification :-
⟾ Simple Interest = P × R × T / 100
⟾ Simple Interest = 2750 × 10 × 3 / 100
⟾ Simple Interest = 275 × 10 × 3 / 10
⟾ Simple Interest = 275 × 3
⟾ 825 = 825
Hence Verified
Thus Time is 3 years.
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★ Additional Info :
- Principal: The money which we deposit in or the lower from the bank or the money learned called the principal.
- Rate of interest: The interest paid on Rs, 100 for one year is called the rate per cent per year or rate per cent per annum.
- Time: The period of time for which the money is lent or invested.
- Interest: Additional money paid by the borrowed to the lender for using the money is called interest.
- Simple Interest: If the interest is calculated uniformly on the original principal throughout the lone period, it is called simple interest.
- Amount: The total money paid back to the lender is called the amount.
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