Question

In what time will rs5600 amount to rs6720 at 8percent per annum

Answer 1

Amount = rs 6720
Principle = rs 5600
So, S.l = A - P
= 6720 - 5600
=1120

Rate = 8%
So, time = S.I x 100 /P x R
= 1120 x 100 / 5600 x 8
= 5/2
So, time = 5/2
Hope it helps...!!!

Answer 2

S.I.=P×r×t/100
6720=5600×8×t/100
6720=448t
6720/448=t
15=t