Question

In what time will rs 5600 amount to rs 6720 at 8 percent per annum

Answer 1

Answer:

2.5 years

Step-by-step explanation:

A=P+I

6728=5600+I

6728-5600=I

I=Rs.1128

I=PRT/100

(I×100)/(PR)=T

(1128×100)/(5600×8)=2.5 YEARS