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Find the time when principal = ₹ 9540, SI = ₹ 1908 and rate = 8% p.a.

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Given: – P = ₹ 9540. SI = ₹ 1908, R = 8%, T =?

We Know That,

T = (100 × SI) / (P × R)

= (100 × 1908) / (9540 × 8)

= (25 ×1908) / (9540 × 2)

= (47700/ 19080)

= 2.5 years

= 2 ½ years

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