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In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest?
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In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. si...
Understanding Simple Interest
Simple interest is calculated using the formula:
- Simple Interest (SI) = (Principal × Rate × Time) / 100
Where:
- Principal = Initial amount of money (Rs.350)
- Rate = Interest rate per annum (7%)
- Time = Time period in years (unknown)
Given Information
- Principal (P) = Rs.350
- Total Interest (SI) = Rs.42
- Rate (R) = 7%
Calculating Time
To find the time, we can rearrange the simple interest formula:
- Time (T) = (SI × 100) / (Principal × Rate)
Now, substituting the given values:
- SI = Rs.42
- P = Rs.350
- R = 7%
Substituting Values
- Time (T) = (42 × 100) / (350 × 7)
Calculating Step by Step
1. Calculate the denominator:
- 350 × 7 = 2450
2. Calculate the fraction:
- 42 × 100 = 4200
- Now, divide 4200 by 2450:
- T = 4200 / 2450 ≈ 1.7143 years
Final Answer
The time required for the interest on Rs.350 to amount to Rs.42 at a rate of 7% per annum simple interest is approximately 1.71 years.
Simple interest is calculated using the formula:
- Simple Interest (SI) = (Principal × Rate × Time) / 100
Where:
- Principal = Initial amount of money (Rs.350)
- Rate = Interest rate per annum (7%)
- Time = Time period in years (unknown)
Given Information
- Principal (P) = Rs.350
- Total Interest (SI) = Rs.42
- Rate (R) = 7%
Calculating Time
To find the time, we can rearrange the simple interest formula:
- Time (T) = (SI × 100) / (Principal × Rate)
Now, substituting the given values:
- SI = Rs.42
- P = Rs.350
- R = 7%
Substituting Values
- Time (T) = (42 × 100) / (350 × 7)
Calculating Step by Step
1. Calculate the denominator:
- 350 × 7 = 2450
2. Calculate the fraction:
- 42 × 100 = 4200
- Now, divide 4200 by 2450:
- T = 4200 / 2450 ≈ 1.7143 years
Final Answer
The time required for the interest on Rs.350 to amount to Rs.42 at a rate of 7% per annum simple interest is approximately 1.71 years.
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In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest?
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In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest? for SSC CHSL 2025 is part of SSC CHSL preparation. The Question and answers have been prepared according to the SSC CHSL exam syllabus. Information about In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest? covers all topics & solutions for SSC CHSL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest?.
In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest? for SSC CHSL 2025 is part of SSC CHSL preparation. The Question and answers have been prepared according to the SSC CHSL exam syllabus. Information about In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest? covers all topics & solutions for SSC CHSL 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In what time will the interest on Rs.350 amount to Rs.42 at 7% p.a. simple interest?.
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