Question
How many years will it take for ₹8,400 to amount to
₹11,928 at a simple interest rate of 7% per annum?Solution
SI = PRT/100 SI = 11,928 − 8,400 = ₹3,528
P = ₹8,400
R = 7%
T = ? T = (3528 X 100)/(8400 X 7) = 6
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