Question

In how much time will the interest on 2800 at 11.5% per annum be 2576?​

Answer 1

Step-by-step explanation:

Principal = P = Rs 2800

Rate of interest = R = 11.5% per annum

Interest = I = Rs 2576

Let the Time = T years

We know that ,

I = PTR / 100

T = ( 100 × I ) / ( PR )

T = ( 100 × 2576 )/ ( 2800 × 11.5 )

After cancellation , we get

T = 8

T = 8 years

Hope this helps you

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