Q. In what time will Rs. 50,000 become Rs. 64,000 at 7% per
annum simple interest?
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Solution,
A=Rs64,000
P=Rs50,000
R=7%
SI=A-P
=64,000-50,000
=Rs14,000
T=SI×100/P×R
=14,000×100/50,000×7
=4 years (Answer)
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