Question

In what time will rs 5600 amount to rs 6270 at 8 percent per annum

Answer 1

Answer:

Answeris

P = ₹ 5600

A = ₹ 6720

R = 8% p.a

T = ? let T

SI = A -P = 6720 -5600 =₹ 1120

SI = PRT/100

\begin{gathered}1120 = \: \frac{5600 \times 8 \times t}{100} \\ t = \frac{1120 \times 100}{5600 \times 8} \\ \\ t = 2.5 \: years\end{gathered}

1120=

100

5600×8×t

t=

5600×8

1120×100

t=2.5years

Hope it helps you