How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
Question
Solution 1
To calculate the time it will take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest, you can use the formula for simple interest:
I = PRT/100
where: I = Interest P = Principal amount (the initial amount of money) R = Rate of interest T = Time in years
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