Answers

2015-09-07T16:54:55+05:30
P = Rs.3000  R of Interest = 8%    S.I. = Rs.960

S.I. = PxRxT/100
960 = 3000 x 8 x y/100  (Let time be y)
960x100 = 3000x8 x y
96000 = 24000 x y
96000/24000 = y
4 =y
So the time period is 4 years
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