3. Over how many years does 3,50,000 to 469000 at 8.5%per annum
Share
3. Over how many years does 3,50,000 to 469000 at 8.5%per annum
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Time = 100×SI/P×R
Here, SI=469000-350000=119000
P=350000
R=8.5%
So Time = (100×119000)/(350000×8.5)
= 11900000/2975000
=11900/2975
= 2380/595
=476/119
Time=4 years