what Is the time 1500 will yield Rs 450 at 6% per annum
I need the answer with full explanation please
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Answer:
What is the formula for SI? It is PTR/100.
Step-by-step explanation:
Principal - 1500
Rate - 6% per annum
SI - Rs. 450
Substitute these values in the equation :-
450 = {1500(6)(T)}/100.
= 15 x 6 (T)
= 90t
Now,
450/90 = t
t = 5
The time taken will be 5 years.
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