In how many years will Rs 30,000 invested at 8 percent annum amount to Rs 44,400 - Maths - Comparing Quantities

Question

In how many years will Rs 30,000 invested at 8 percent annum amount
to Rs 44,400

Lovina Kansal · Accepted Answer

Dear student
Here, Principal,P=Rs30,000Rate,R=8%Amount,A=Rs44,400Time=T yearsInterest,I=A-P=Rs44,400-30,000=Rs14,400Also,Interset=PRT100⇒14,400=30,000×8×T100⇒T=14424⇒T=6So, In 6 years Rs30,000 invested at 8% p
a will amounts to Rs44,400
Regards

In how many years will Rs.30,000 invested at 8 percent annum amount to Rs.44,400.