Question

Salim borrows rupees 3500 rupees from Suresh and promises to pay 12.5% p a simple interest if he repays rupees pay rs 4156.25 to Suresh to clear his dues how long did he take to repay the loan​

Answer 1

Step-by-step explanation:

$S.I=A-P=4156.25-3500=656.25\\r=12.5\%\\P=3500$

To calculate Time :

$\implies$ $T={\Large\frac{SI×100}{P×R}}$

$\implies$ $T={\Large\frac{656.25×100}{3500×12.5}}$

$\implies$ $\boxed{Time=1\:year\:6\: months}$

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