Rupees 4.000 amount to 5,000 in 8 years;
in what time will * 2,100 amount to 2,800 at
the same rate ?
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In first case :
A = Rs. 5000
P = Rs. 4000
I = Rs. A – P
= Rs. 5000 – Rs. 4000
= Rs. 1000
T = 8 Years
R = (100 × I)/(P × R)
= (100 × 1000)/(4000 × 8)
= (25/8)%
In the second case :
A = Rs. 2800
P = Rs. 2100
I = Rs. 2800 – Rs. 2100 = Rs. 700
R = (25/8) %
T = (100 × I)/(P × R) = (100 × 700)/(2100 × (25/8))
= (100 × 700 × 8)/(2100 × 25) = 32/3 years = (10. 2/3) years
= 10. 2/3 × 12 months = (10. 24/3) months
= 10 years 8 months
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