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Find the time when the Simple Interest is 81, Principal is 450, and Rate is 5%.

Find the time when the Simple Interest is 81, Principal is 450, and Rate is 5%.

Explanation

Given:

  • SI (Simple Interest) = 81

  • P (Principal) = 450

  • R (Rate) = 5%

  • Time (T) = ?

Using the formula:



SI = frac{P times R times T}{100}

Substituting the values:



81 = frac{450 times 5 times T}{100}

81 = frac{2250 times T}{100}
81 = 22.5 times T
T = frac{81}{22.5}
T = 3.6 text{years}