What is the sum of money will yelled at 240 in 5 years at 40 per annum Interest
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Answer:
Given, Principal = Rs. 450, Rate of interest =4.5% and simple interest = Rs. 81
Simple interest =
100
PRT
⇒81=
100
450×4.5×T
⇒81×100=450×4.5×T
⇒T=4 years
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