Question

In how many years will rs.4400 amount to rs.5984 at 4 p.C. P.A at s.I?

Answer 1

Answer:

P = 4400, A = 5984, R = 4%p.a.

SI =A-P

=> 5984 - 4400

=> 1584

T = 100 × SI / R × P

=> 100 × 1584 / 4 × 4400

=> 9

Therefore, Time ( T ) = 9 years