Question 11

In 4 years, Rs. 6000 amounts to Rs. 8000. In what time at the same rate will Rs. 525 amount to Rs. 700?

Solution

A=P+SI
We get SI =2000
2000 = (6000*R*4)/100
we get R=25/3 %
Now
P =525
A =700
So SI = 175
175 = (525*25/3*T)/100
We get T = 4 years

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