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Find the time when principal = ₹ 5000, Amount = ₹ 6450 and rate = 12% p.a.

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Given: – P = ₹ 5000, Amount = ₹ 6450, R = 12%, T =?

We Know That,

SI = A – P

= 6450 – 5000

= ₹ 1450

T = (100 × SI) / (P × R)

= (100 × 1450) / (5000 × 12)

= (1 × 145) / (5 × 12)

= (29/ 12)

= 2 years 5 months

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