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solve this question....
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anybody .....pls help.....
solve this question....
nooo spam.....
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Answer:
5 years
Step-by-step explanation:
Given, maturity value of the account = 1,20,400.
Given, Rate of interest = 10%
Given, Principal = 1,600.
Now,
Let us assume the number of months the account was held as 'n' years.
I = A - P * n
= 120400 - 1600 * n
= 120400 - 1600n
Therefore, The time for which it was held is 5 years.
Hope it helps!
Given, maturity value of the account = 1,20,400.
Given, Rate of interest = 10%
Given, Principal = 1,600.
Now,
Let us assume the number of months the account was held as 'n' years.
I = A - P * n
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