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birr 300 is invested at 6% simple interest per annum.how long will it take for the interest to amount birr 180?​

2 Answers

5 votes

Answer:

the time is 10 years I think

User Vitox
by
6.4k points
4 votes

Answer:

10 years

Explanation:

We are to calculate the Time(T)

The formula for Simple Interest is given as:

I = PRT

I = Interest = birr 180

P = Principal = birr 300

R = Interest rate = 6%

T = Time in years =??

T = I/ PR

T = 180/300 × 6%

T = 180/300 × 0.06

T = 180/18

T = 10 years

Therefore, it will take 10 years for the interest to amount to birr 180

User Manish Joisar
by
6.7k points
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