The sum of Rs. 1020 will amount Rs. 1530 at 5% per annum simple interest in
The sum of Rs. 1020 will amount Rs. 1530 at 5% per annum simple interest in
Aa) 8 years
Bb) 12 years
Cc) 10 years
Dd) 14 years
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Answer is: 10 years
Formula: \(P = \frac{(100 * A)}{(100+RT)}\)
where P =1020 , A=1530, R=5% ,T=?
1020 =\(\frac{(100 *1530)}{(100+5T)}\)
1020 (100+5T) = 153000
100+5T = \(\frac{153000}{1020}\)
100 +5T = 150
5T = 150-100
T = \(\frac{50}{5}\)
T = 10
So Time is 10 years
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