find the time for which Rs.14000 is invested at 2% so that interest is Rs. 1120.
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P = 14000
R = 2 p.c.p.a.
S.I. = 1120
S.I. = (P x R x T)÷100
T = (S.I. x 100)÷(P x R)
T = (1120 x 100) ÷ (14000 x 2)
T = 112000 ÷ 28000
T = 112 ÷ 28 = 56 ÷ 14 = 28 ÷ 7
T = 4
Hence, the timespan is 4 years
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