Question

Tarun took a loan from a bank at 2% p.a . After some time , he paid back the loan by paying rupees 77,000. if the interest was rupees 7,000 . find the time period of the loan​

Answer 1

Answer:

5 years

Step-by-step explanation:

Principal=77000-7000=70000

Rate=2%p.a.

SI=7000

T=SI*100/P*R

=7000*100/70000*2

=5 years

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Answer 2

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