Step-by-step explanation:
P = 8000
R = 4 1/2 = 9/2 %
SI = 8720
T = ?
SI = PRT/100
T = SI × 100/PR = 8720 × 100×2/8000 × 9
= 872 × 2/8 × 9
= 109×2/9
= 218/9
= 24 2/9 yrs
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Verified answer
Step-by-step explanation:
P = 8000
R = 4 1/2 = 9/2 %
SI = 8720
T = ?
SI = PRT/100
T = SI × 100/PR = 8720 × 100×2/8000 × 9
= 872 × 2/8 × 9
= 109×2/9
= 218/9
= 24 2/9 yrs