Question

8. Calculate the time in which 5,000 would
become * 5,500 at an interest rate of 8% per
annum.

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Answer 1

Answer:

ANSWER

We have,

P=Rs. 5000

A=Rs. 5500

R=8%

T=?

We know that

S.I= PRT/100

And A=P+S.I

Therefore,

A−P= PRT/100

5500−5000= 5000×8×T/100

500=50×8×T

10=8×T

T=1.25 years

Hence, this is the answer.

Answer 2

Step-by-step explanation:

Hope it may help you...