unit-14-commercial-mathematics

Unit-14 Commercial Mathematics

In this unit you will learn about profit and loss, various taxes, shares and debentures.

In how much time will simple interest be 1/4th of the principal at the rate of 10% per annum?

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Learning Pundits Content Team
Written on Jun 25, 2019 11:40:36 AM

I = P/4

r = 10% = 0.10

t = ?

I = Prt

P/4 = P × 0.10 × t

t = 2.5 years