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Ans 1:
Class : Class 8
P=A-I
=14750-2950
=11800
R= 1% PER MONTH
= 12%PER YEAR
T=(I*100)/(P*R)
(2950*100)/(11800*12)
=25/12
= 2 1/12 YEARS
= 2 YEARS 1 MONTH