Question

in what time will rs 5600 amount to ra 6720 at 8% per annum​

Answer 1

Answer:

It will take 2.5 years

Step-by-step explanation:

I = a - p

=6720-5600

=1120

I =ru 1120

$\\ I = \frac{p \times r \times t}{100} \\ t = \: \frac{i \times 100}{p \times r } \\ = \frac{1120 \times 100}{5600 \times 8} \\ = 2.5yrs$