Question

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

Answer 1

A= P(1+r/100)^t
6720=5600(1+8/100)^t

on solving you get the value of t


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Answer 2

Holla ^_^

Let time be x months

principal= 5600

amount = 6720

rate%= 8%

interest= 6720-5600

=1120

interest= p*r*t/100

1120=5600*8*x/100

112000=44800x

x=112000/44800

x= 2.5

Hope it helps !!!

Thank You!!!