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How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
Answer & Solution
Correct Answer:
Option
B
$$\eqalign{
& {\text{Time}} = \left( {\frac{{100 \times 81}}{{450 \times 4.5}}} \right){\text{years}} \cr
& \,\,\,\,\,\,\,\,\,\,\,\,\,\, = 4\,{\text{years}} \cr} $$
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