Question

Amount on ₹ 14,000 for 5½ years at 4% per annum will be ​

Answer 1

Step-by-step explanation:

Answer

According to the problem,

P=14000

r=4%

Amount(A)=16240

T=?

So,

SI=A−P

SI=16240−14000=2240

T=

(p×r)

(100×SI)

T=

(14000×4)

(100×2240)

T=

56000

224000

T=4

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