Question

Ravinder Singh borrowed a sum of Rs. 18500 for a certain

period at the rate of 10% per annum. He paid interest of Rs. 9250.

Find the time for which money was borrowed by him?
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Answer 1

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Answer 2

Answer: SI = P x R x T /100

               T= SI X 100 / P x R

               27750 - 18500 = 9250

                 

               9250 / 18500 = 925 / 185

             = 5 years

               Time is 5 years