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Manu invested an amount of Rs. 14800 at the rate of 7% per annum. After how many years will she obtain a simple interest of Rs.15800?

Correct Answer: 15.25 yrs

Explanation:

We know that,


I = PTR/100


ATQ,


15800 = 14800 x T x 6/100


T = 15800/148x7


T = 15800/1036


T = 15.25 yrs.


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