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If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ?
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If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of intere...
Calculating Time Period for a Given Amount
- Given:
Principal amount (P) = Rs. 49300
Amount after 5 years = Rs. 88740
Amount after x years = ? (to be calculated)
Calculating Rate of Interest
- Using the formula for simple interest:
SI = P * R * T / 100
Calculating Time Period
- Using the formula for amount:
A = P + SI
Rs. 88740 = Rs. 49300 + SI
- Calculate the Simple Interest:
SI = Rs. 88740 - Rs. 49300
SI = Rs. 39440
- Calculate the rate of interest:
Rs. 39440 = Rs. 49300 * R * T / 100
- Substitute the values:
39440 = 49300 * R * 5 / 100
- Solve for R:
R = (39440 * 100) / (49300 * 5)
- Calculate the time period:
Rs. 62370 = Rs. 44550 + (44550 * R * 5 / 100)
- Substitute the calculated rate of interest:
Rs. 62370 = Rs. 44550 + (44550 * R * 5 / 100)
- Solve for time period:
Rs. 62370 = Rs. 44550 + (44550 * 39440 * 100) / (49300 * 5 * 100)
- x = 9 years
Therefore, Rs. 49300 will amount to Rs. 88740 in 9 years at the same rate of interest.
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If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ?
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If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ?.
If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If Rs. 44550 amounts to Rs. 62370 in 5 years at a given rate of interest ( Assume simple interest). Find in how many years Rs. 49300 will amount to Rs. 88740 at the same rate of interest ?.
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