rs 1600 amount to rs 1848 at 15 par rate of simple interest calculate the number of a day for which the money was invested
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Answer:
principle is rs 1600
and amount = rs 1648
simple interest = Amount - principle
= rs 1648 - rs 1600
= rs 48
to calculate the time the formula is ,
simple interest × 100/ principle × rate
= rs 48 × 100 / rs 1600 × 15
= 0.2 years or 2 months 4 days
Explanation:
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