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a) 2.5 years
b) 2 years
c) 1.5 years
d) 1 year
correct answer is: a) 2.5 years
Explanation:
Now here,
Principal = ₹ 5600
Amount = ₹ 6720
Rate = 8%
So that, S.I. =\left(amount\ -\ principle\right)
\rightarrow S.I. =₹\left(6720\;-\;5600\right)
\rightarrow S.I. = ₹ 1120
We know, time =\frac{100\times S I}{P\times R}
\therefore time =\frac{100\times1120}{5600\times8}
\rightarrow Time =2.5 years
Ans: The time will 2.5 years.
