Question

What is the number of years in which $560.00 will earn $112.00 at 4% per annum? *​

Answer 1

The answer is "5 years".

Explanation:

`S.I= \$ \ 112.00\\\\P= \$ \ 560.00\\\\R= 4 \%\\\\T=?\\\\\bold{Formula:}\\\\\bold{S.I= (P * R * T)/(100)}\\\\T= (S.I * 100)/(P * R)\\\\T= (112* 100)/(560 * 4)\\\\T= (28* 100)/(560)\\\\T=(100)/(20)\\\\T=5 \ years\\`