Question

In what time will Rs5600 amount to Rs6700 at the rate of 8%per annum

Answer 1

Hi friend
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Your answer
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Principal = Rs 5600

Amount = Rs 6700

Simple Interest = Rs (6700 - 5600) = Rs 1100

Rate of interest = 8% per annum

Time (T) =?

So,
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(P×R×T)/100 = 1100

=> (5600×8×T) = 1100×100

=> T = (1100×100)/(5600×8)

=> T = 2 years (approximately)

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