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- In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum?
Question 1:
In what time will Rs. 1860 amount to Rs. 2641.20 at simple interest 12% per annum? A. 3.5 years.
Feedback Given that Rs. 1860 will become Rs. 2641.20 at 12%
=> Simple Interest = 2641.20 - 1860 = Rs. 781.20
We know I = PTR/100
=> 781.20 x 100 = 1860 x T x 12
=> T = 78120/1860x12
=> T = 78120/22320
=> T = 3.5 years.
=> Simple Interest = 2641.20 - 1860 = Rs. 781.20
We know I = PTR/100
=> 781.20 x 100 = 1860 x T x 12
=> T = 78120/1860x12
=> T = 78120/22320
=> T = 3.5 years.
B. 2.9 years.
C. 3.9 years.
D. 4.5 years.
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