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The time in which P= Rs 6400 at the rate of 6% p.a. will give a S.I. of Rs 1152 is ____ years.

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Detailed Solution

The time in which P= Rs 6400 at the rate of 6% p.a. will give a S.I. of Rs 1152 is 3 years.
We have,
Time (T)

= S .I . × 100 P × R,

where P=principal, R=rate and

S .I .

is simple interest.
Calculating time:

∴ T = 1152 × 100 6400 × 6 ⇒ T = 1152384 = 3 years

Therefore, the correct answer is 3years.

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