find the time period for the following SI = 20,000, P = ₹1,00,000 R = 10 % p.a
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find the time period for the following SI = 20,000, P = ₹1,00,000 R = 10 % p.a
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Verified answer
Given,
SI = 20000
P = ₹ 100000
R = 10 %
T = ?
[tex] T \: = \frac{SI \times 100}{P×R} [/tex]
[tex] \: \: \: \: = \frac{20000 \times 100}{100000 \times 10} [/tex]
[tex] \: \: \: \: = 2 \: years[/tex]