In what time a debt of Rs.7920 due may be cleared by immediate cash down payment of Rs.3600 at 1/2% per month

Q: In what time a debt of Rs.7920 due may be cleared by immediate cash down payment of Rs.3600 at 1/2% per month

PW = 100 × A m o u n t 100 + R × T

10years
20years
30years
40years

Correct Answer: 20years

Explanation:

PW = $\frac{100 \times A m o u n t}{100 + R \times T}$

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