Question

in what time will Rs 400 amount to 448 at the rate of 5% per annum

Answer 1

Hlo friend, here is your answer.

Given that

Principal = ₹400

Amount = ₹448

Rate of Interest = 5 % per annum

Solution

We have to find the time.

Let the time be T years. Then,

according to question,

S.I. = P×R×T/100

A-P = 400×5×T/100

448-400 = 20T

48 = 20T

T = 2 2/5 years.

Hope it helps you.

With regards@

Tanisha