Question

Rahul invested 50000 for a certain period at 8% and earned an interest amount of 11000.find the period of time for which Rahul invested the money.

Answer 1

Given
P=50000
R=8%
Si=11000


Si= P x R x T/100

11000=50000x8xt/100

T=11000x100/50000 x8 =22/8=11/4

T=2 3/4

Time 2 year 9 months

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