Question

simple interest on a sum of Rs 2500 be Rs 550 at 10% per annum.find the time
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Answer 1

Step-by-step explanation:

SI=PTR/100

GIVEN

SI-550

P =2500

R=10%

substitute in formula we get time

$550 = 2500 \times t \times 10 \div 100 \\ 550 = 25 \times0 \times t \\ 55 = 25 \times t \\ t = 55 \div 25 \\ t = 11 \div 5 \\ t = 2.2years$