Discussion
What time will be taken by an amount of Rs. 900 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
Answer: A
P= Rs 900
Rate = 4.5*
SI= Rs 81
=> SI= Time*P*rate
calculating for rate,
=> Time= SI/rate*P
= 81/4.5%*900
=> 2 years
Thus, it will take 2 years to yield Rs 81.
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