Question

Sohan took rupees 8000 from Ashok at 10% per annum and repaid rupees 11200 after a few years find out the time period involved​

Answer 1

Answer:

Let us assume that the time taken be x.

Given,

Principal=Rs 8000

Rate of Interest=10%p.a.

Amount=Rs 11200

Interest=Rs(11200-8000)

or,I=Rs 3200

We know,

I=P*R*T/100

or,T=100*I/P*R

or,T=100*3200/8000*10

or,T=320000/80000

or,T=4 yrs.

Therefore, Time taken to return to Ashok is 4 yrs.

Step-by-step explanation: