In how much time will Rs 25600 amount to Rs 35664 when money is worth 9 1/4 ℅ per annum.
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Principle = 25600
Rate = 9 1/4% = 37/4
Amount = 35664
Si = Amount-principle
=> 35664-25600
=> 10064
Now,
Time = si×100/p×r
=> 10964×100×4/25600×37
=> 272×100×4/25600
=> 272×4/256
=> 272/64
=> 4.25 years
=> 51 months
=> 4 years 3months
Rate = 9 1/4% = 37/4
Amount = 35664
Si = Amount-principle
=> 35664-25600
=> 10064
Now,
Time = si×100/p×r
=> 10964×100×4/25600×37
=> 272×100×4/25600
=> 272×4/256
=> 272/64
=> 4.25 years
=> 51 months
=> 4 years 3months
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