In how much time will ₹1200 amount to ₹1680 at 16% per annum simple interest.
1 answer:
Answer:
formula- p*r*t/100
si = a-p
1680-1200
that is 480 rupees.
now when si is given,
si*100/1200*16
= 480*100/1200*16
= 48000/19200
= 2.5 yrs
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$76,518.88
Step-by-step explanation:
continuous interest
pe^(rt)
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