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Simple and Compound Interest: Finding Time

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Practice Questions

Concept Explanation

When principal, rate, and simple interest are known, find time using the rearranged formula.

Key Formula

T = (100 × SI) / (P × R)

Example

P = Rs. 5,000, SI = Rs. 1,500, R = 10%. T = (100 × 1500)/(5000 × 10) = 3 years.