Question

In what time will ₹ 5600 amount to ₹ 6720 at 8% per annum?

Answer 1

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Here is your answer
P = Rs 5600
A = Rs 6720
T = t years (Let)
R = 8%

SI = A - P
= 6720 - 5600
= Rs 1120

As we know the formula
SI = PRT /100
$1120 = \frac{5600 \times 8 \times t}{100} \\ t = \frac{1120 \times 100}{5600 \times 8} \\ t = 2.5$
Therefore
Time is 2.5 years

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